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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 $0.06 per share, payable on 6th January 2017 to shareholders of record on 16th December 2016.

The three-monthly dividend is in line with the increase implemented last year, when the company's board of directors boosted the quarterly cash dividend by 60 percent to $0.06 per share, payable on 10th April 2015 to shareholders of record on 20th March 2015. The same cash dividend of $0.06 per share has been paid in every quarter since then.

Prior to the dividend increase, 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 the dividend history of WFS is provided in the link below.

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

During the third quarter of 2016, WFS posted a third-quarter net income of $42.7 million, or $0.61 diluted earnings per share, compared to $43.7 million, or $0.62 diluted earnings per share, in the third quarter of 2015.

Excluding the impact of certain non-recurring expenses, adjusted third-quarter net income was $45.1 million, or $0.65 adjusted diluted earnings per share.

Non-GAAP net income and diluted earnings per share for the third quarter, excluding share-based compensation and amortization of acquired intangible assets, were $57.2 million and $0.82 respectively, compared to $54.2 million and $0.77 in 2015.