World Fuel Services Corp (NYSE:INT) declared a quarterly dividend on Tuesday, September 10th, NASDAQ reports. Shareholders of record on Wednesday, September 25th will be given a dividend of 0.10 per share by the oil and gas company on Friday, October 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, September 24th.
World Fuel Services has raised its dividend payment by an average of 3.3% per year over the last three years and has increased its dividend every year for the last 4 years. World Fuel Services has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect World Fuel Services to earn $2.91 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 13.7%.
Shares of NYSE INT traded down $0.23 during mid-day trading on Thursday, hitting $40.91. The company had a trading volume of 10,632 shares, compared to its average volume of 491,278. The company has a market capitalization of $2.66 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 3.41 and a beta of 1.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.35 and a quick ratio of 1.16. World Fuel Services has a 1-year low of $19.81 and a 1-year high of $41.34. The business’s 50-day simple moving average is $38.27 and its 200 day simple moving average is $33.19.
Several analysts have recently issued reports on INT shares. ValuEngine cut World Fuel Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded World Fuel Services from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, July 3rd. Stifel Nicolaus increased their price objective on World Fuel Services from $43.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, TheStreet upgraded World Fuel Services from a “c+” rating to a “b-” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $42.67.
In other World Fuel Services news, Director Paul H. Stebbins sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $38.05, for a total transaction of $380,500.00. Following the transaction, the director now owns 23,692 shares of the company’s stock, valued at $901,480.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert Alexander Lake sold 4,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $38.96, for a total value of $175,320.00. Following the transaction, the executive vice president now directly owns 50,122 shares in the company, valued at approximately $1,952,753.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,500 shares of company stock worth $853,150. 2.40% of the stock is owned by insiders.
World Fuel Services Company Profile
World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. Its Aviation segment supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S.
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