Anticipating the Quarterly Dividend
On 3/22/24, investors in World Kinect Corp (WKC) will experience a significant event – the company will trade ex-dividend for its quarterly dividend of $0.17 per share, which is set to be paid on 4/16/24. At the current stock price of $25.43, this dividend translates to approximately 0.67%. This impending dividend distribution may impact the market dynamics, causing WKC shares to potentially trade lower by 0.67% on the ex-dividend date.
Analyzing Historical Performance
When it comes to dividends, predictability isn’t a given. However, a glance at past trends can provide insights into the future trajectory. The current estimated yield stands at 2.67% on an annualized basis, shedding light on what investors might expect in terms of returns from World Kinect Corp moving forward.
Moreover, considering the one-year performance of WKC shares against its 200-day moving average reveals interesting dynamics in the company’s stock movement and trajectory.
Exploring Stock Range and Current Trading
Delving further into the company’s stock performance, the 52-week range indicates significant fluctuations. WKC’s shares have experienced lows of $17.69 and highs of $26.40 per share. In current trading activity, WKC shares closed the day at $25.37, exhibiting a nuanced yet pivotal market position.
In the midst of it all, with Wednesday’s trading session underway, World Kinect Corp shares are currently marginally down by 0.2%.
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Further Insights:
- ZIM Average Annual Return
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
