NYSE:WKCOil and Gas
Will Mixed Earnings, Revenue Decline and Dividend Commitment Change World Kinect's (WKC) Narrative
In recent months, World Kinect Corporation received a consensus “Reduce” rating from six analysts, reported a quarterly update with revenue slightly ahead of expectations but earnings per share below consensus and a 10.5% year-on-year revenue decline, and confirmed a quarterly dividend implying an annualized yield of 2.9% payable on January 16.
This mix of cautious analyst sentiment, weaker earnings, and an ongoing dividend payout highlights a tension between income appeal and concerns about...