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Fri 8 Mar 2013, 21:31 GMT

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.

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