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Leading marine, aviation and land fuel specialist, World Fuel Services Corporation (WFS), has announced that it has increased its quarterly cash dividend for the first time in five and a half years.

The company's board of directors has increased the quarterly cash dividend by 60 percent to $0.06 per share, payable on April 10, 2015 to shareholders of record on March 20, 2015.

Prior to the announcement, WFS had declared 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 $0.075 per share was paid to shareholders.

A summary of WFS's dividend history is provided in the link below.

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

Commenting on the news, Michael J. Kasbar, chairman and chief executive officer of World Fuel Services Corporation, said: "The strength of our balance sheet and consistent operating cash flow performance enable us to increase our dividend, which allows us to return capital to our shareholders while continuing to invest in our growing suite of business opportunities worldwide."