Mon 3 Jun 2013 08:17

WFS declares cash dividend


Latest cash dividend will be payable to shareholders on July 5.

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 5, 2013 to shareholders of record on June 21, 2013.

Net income during the first three months of the year was $48.7 million, or $0.68 diluted earnings per share, compared to $46.4 million, or $0.65 diluted earnings per share, in the corresponding period in 2012.

The company’s marine segment generated a gross profit of $41.7 million, representing a decrease of $5.6 million, or 12 percent, sequentially and $13.4 million, or 24 percent, year-on-year.

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