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Leading 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 $0.0375 per share payable on October 7, 2011 to shareholders of record on September 16, 2011.

Net income during the three months to June 30th 2011 was $50.2 million, or $0.70 diluted earnings per common share, compared to $37.0 million, or $0.61 diluted earnings per common share, in the second quarter of 2010.

The company's marine segment generated a gross profit of $50.7 million in the second quarter of this year, representing an increase of $10.5 million, or 26 percent sequentially, and a rise of $7.5 million, or 17 percent, from last year's results.

In March 2010, June 2010, September 2010, December 2010, March 2011 and June 2011, WFS also declared a quarterly cash dividend of $0.0375 per share.