Americas News
WFS Declares its Regular Quarterly Dividend
World Fuel Services Corporation (WFS) [NYSE:INT] said Tuesday it has declared a quarterly cash dividend of $0.0375 per share.
The dividend will be payable on January 4, 2013 to shareholders of record on December 14, 2012, it said.
With the exception of the first three quarters of 2009, the The Miami, Florida-based business has maintained the same quarterly dividend payment of $0.0375 per share since 2005.
Earlier this month, the independent supplier said profits for its marine segment rose 8 percent year-on-year to $54 million in the third quarter, despite a 10 percent drop in revenues and overall profits.
CEO Michael Kasbar said the company is "well positioned" in the marine market, and has helped get financially challenged companies "through some of the darkest days."
