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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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WFS declares cash dividend

Latest cash dividend will be payable to shareholders in July.



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Updated on 29 May 2014 23:39 GMT

Leading marine, aviation and land fuel specialist, World Fuel Services Corporation, (WFS) has announced that its board of directors has declared a quarterly cash dividend of $0.0375 per share payable on July 11, 2014 to shareholders of record on June 20, 2014.

Net income during the first quarter of 2014 rose by $2 million, or 4.1 percent, year-on-year to $50.7 million, or $0.71 diluted earnings per share, compared to $48.7 million, or $0.68 diluted earnings per share, in the first quarter of 2013.

The company's marine segment generated a gross profit of $47.8 million, representing an increase of $5.0 million, or 11.7 percent, sequentially and $6.2 million, or 14.8 percent, year-on-year.

The aviation segment posted a gross profit of $68.9 million, which was a decrease of $15.5 million, or 18.3 percent, sequentially and $8.1 million, or 10.5 percent, year-on-year.

The land segment achieved a gross profit of $71.3 million - an increase of $2.9 million, or 4.2 percent, sequentially and $7.6 million, or 11.9 percent, year-on-year.

WFS declared a quarterly cash dividend of $0.0375 per share in each quarter throughout the whole of 2013, 2012, 2011, 2010, 2009, 2008 and 2007.






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