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Fri 4 Dec 2009, 07:27 GMT

World Fuel Services declares cash dividend


US firm says dividend amount reflects the previously announced two-for-one stock split.

Leading marine, aviation and land fuel specialist World Fuel Services Corporation has announced that its board of directors has declared a quarterly cash dividend of $0.0375 per share payable on January 6th, 2010 to shareholders of record on December 18, 2009.

The dividend amount reflects the company's previously announced two-for-one stock split of its common stock, which will be payable on or about December 7th 2009 to shareholders of record on November 30th 2009.

World Fuel Services announced the approval of the two-for-one stock split by its Board of Directors on November 17th.

Commenting on the stock split at the time, Ira M. Birns, executive vice president and chief financial officer said “We believe that the stock split will improve the liquidity in our stock and represents our continued commitment to enhancing shareholder value.”

“We remain focused on executing our long-term strategy, providing a superior offering to our customers and improving our global supply relationships,” added Paul H. Stebbins, World Fuels Services' chairman and chief executive officer.

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