Fri 8 Mar 2013 21:31

WFS declares cash dividend


Latest cash dividend announcement follows 14.6 percent drop in fourth quarter net income.

Leading marine, aviation and land fuel specialist World Fuel Services Corporation (WFS) has announced today that its board of directors has declared a quarterly cash dividend of $0.0375 per share payable on April 5, 2013 to shareholders of record on March 22, 2013.

Net income during the fourth quarter of 2012 fell by $7.3 million, or 14.6 percent, to $42.8 million, or $0.60 diluted earnings per share, compared to $50.1 million, or $0.70 diluted earnings per share in the fourth quarter of 2011.

WFS recorded a full year net income of $192.3 million, or $2.68 diluted earnings per share, compared to $194.0 million, or $2.71 diluted earnings per share in 2011.

WFS declared a quarterly cash dividend of $0.0375 per share in November 2012, August 2012, June 2012, March 2012 and throughout the whole of 2011, 2010, 2009, 2008 and 2007.
Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.
Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.
Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.
Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.
A Maersk vessel, pictured from above. Rise in bunker costs hurts Maersk profit  

Shipper blames reroutings via Cape of Good Hope and fuel price increase.
Claus Bulch Klausen, CEO of Dan-Bunkering. Dan-Bunkering posts profit rise in 2023-24  

EBT climbs to $46.8m, whilst revenue dips from previous year's all-time high.
Chart showing percentage of fuel samples by ISO 8217 version, according to VPS. ISO 8217:2024 'a major step forward' | Steve Bee, VPS  

Revision of international marine fuel standard has addressed a number of the requirements associated with newer fuels, says Group Commercial Director.
Carsten Ladekjær, CEO of Glander International Bunkering. EBT down 45.8% for Glander International Bunkering  

CFO lauds 'resilience' as firm highlights decarbonization achievements over past year.
Anders Grønborg, CEO of KPI OceanConnect. KPI OceanConnect posts 59% drop in pre-tax profit  

Diminished earnings and revenue as sales volume rises by 1m tonnes.
Verde Marine Homepage Delta Energy's ARA team shifts to newly launched Verde Marine  

Physical supplier offering delivery of marine gasoil in the ARA region.

↑  Back to Top


 Related Links