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

05 Oct 2017 06:52 GMT

Dividend payout is in line with the amount paid over the last two-and-a-half years.



Marine, aviation and land fuel specialist, World Fuel Services Corporation, has announced that its board of directors has declared a quarterly cash dividend of $0.06 per share, payable on November 6, 2017, to shareholders of record on October 16, 2017.

The payout is in line with the amount that has been paid every quarter since the company's board of directors boosted the quarterly cash dividend by 60 percent to $0.06 per share on April 10, 2015 (to shareholders of record on March 20, 2015).

Prior to the dividend increase in 2015, World Fuel Services had paid a quarterly cash dividend of $0.0375 per share in every quarter between 2005 and 2014 - apart from the first, second and third quarters of 2009, when a payment of $0.075 per share was made to shareholders.

A summary of the dividend history of World Fuel Services is provided in the link below.

www.nasdaq.com/symbol/int/dividend-history

Last quarter

During the second quarter of 2017, World Fuel Services posted a net income of $30.0 million - the same as the tally achieved during the corresponding period last year. H1 net income decreased by $20.2 million, or 24.8 percent, to $61.4 million.

Non-GAAP Q2 net income excluding share-based compensation, amortization of acquired intangible assets and other one-time items was $45.1 million compared to $44.0 million in 2016.




Related Links:

World Fuel Services announces renewal of share repurchase program
IT specialist Stephen Gold joins World Fuel Services' board of directors
World Fuel Services' share price plummets 13.2 percent
World Fuel Services' 12-month bunker sales drop below 30m tonnes for first time in two years
World Fuel Services starts supplying at Nederland Terminal, Texas
World Fuel Services Corp.
United States

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