World Fuel Services said on March 23, 2023 that its board of directors declared a regular
quarterly dividend of $0.14 per share ($0.56 annualized).
Previously, the company paid $0.14 per share.
Shares must be purchased before the ex-div date of April 5, 2023 to qualify for the dividend.
Shareholders of record as of April 6, 2023
will receive the payment on April 21, 2023.
At the current share price of $23.88 / share,
the stock’s dividend yield is 2.35%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.41%,
the lowest has been 0.76%,
and the highest has been 2.42%.
The standard deviation of yields is 0.42 (n=236).
The current dividend yield is
2.21 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.30.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.40%,
demonstrating that it has increased its dividend over time.
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Analyst Price Forecast Suggests 49.50% Upside
As of March 25, 2023,
the average one-year price target for World Fuel Services is $35.70.
The forecasts range from a low of $35.35 to a high of $36.75.
The average price target represents an increase of 49.50% from its latest reported closing price of $23.88.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for World Fuel Services
is $50,721MM, a decrease of 14.09%.
The projected annual non-GAAP EPS
is $2.41.
What is the Fund Sentiment?
There are 558 funds or institutions reporting positions in World Fuel Services.
This is an increase
of
12
owner(s) or 2.20% in the last quarter.
Average portfolio weight of all funds dedicated to INT is 0.17%,
an increase
of 7.97%.
Total shares owned by institutions decreased
in the last three months by 1.20% to 64,300K shares.
The put/call ratio of INT is 1.06, indicating a
bearish
outlook.
What are Large Shareholders Doing?
IJR – iShares Core S&P Small-Cap ETF
holds 4,588K shares
representing 7.40% ownership of the company.
In it’s prior filing, the firm reported owning 4,531K shares, representing
an increase
of 1.24%.
The firm
increased
its portfolio allocation in INT by 7.41% over the last quarter.
Invesco
holds 2,698K shares
representing 4.35% ownership of the company.
In it’s prior filing, the firm reported owning 1,923K shares, representing
an increase
of 28.71%.
The firm
decreased
its portfolio allocation in INT by 99.99% over the last quarter.
Boston Partners
holds 2,014K shares
representing 3.25% ownership of the company.
In it’s prior filing, the firm reported owning 1,999K shares, representing
an increase
of 0.74%.
The firm
decreased
its portfolio allocation in INT by 99.96% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 1,785K shares
representing 2.88% ownership of the company.
In it’s prior filing, the firm reported owning 1,796K shares, representing
a decrease
of 0.62%.
The firm
increased
its portfolio allocation in INT by 7.01% over the last quarter.
RWJ – Invesco S&P SmallCap 600 Revenue ETF
holds 1,764K shares
representing 2.84% ownership of the company.
In it’s prior filing, the firm reported owning 1,211K shares, representing
an increase
of 31.34%.
The firm
increased
its portfolio allocation in INT by 33.48% over the last quarter.
World Fuel Services Background Information
(This description is provided by the company.)
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
