World Fuel Services Corp (NYSE:INT) declared a quarterly dividend on Tuesday, September 10th, NASDAQ reports. Stockholders 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 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, September 24th.
World Fuel Services has increased its dividend payment by an average of 3.3% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. World Fuel Services has a dividend payout ratio of 20.0% indicating that 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 $0.67 during midday trading on Thursday, hitting $40.47. The company had a trading volume of 8,371 shares, compared to its average volume of 491,278. World Fuel Services has a 12 month low of $19.81 and a 12 month high of $41.34. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 3.41 and a beta of 1.17. The firm has a fifty day simple moving average of $38.27 and a 200 day simple moving average of $33.19.
In other news, Director Richard A. Kassar sold 5,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $37.92, for a total transaction of $189,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Robert Alexander Lake sold 4,500 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $38.96, for a total transaction 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. Insiders have sold a total of 22,500 shares of company stock worth $853,150 in the last three months. Insiders own 2.40% of the company’s stock.
INT has been the subject of several research analyst reports. ValuEngine downgraded shares of World Fuel Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of World Fuel Services from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. TheStreet raised shares of World Fuel Services from a “c+” rating to a “b-” rating in a research report on Tuesday, July 16th. Finally, Zacks Investment Research raised shares of World Fuel Services from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, July 3rd. 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 stock. World Fuel Services presently has a consensus rating of “Buy” and a consensus price target of $42.67.
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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