Sign up
Log in Sign up
Wed 7 Sep 2011, 05:53 GMT

WFS cash dividend unchanged


Quarterly cash dividend follows 36 percent rise in second quarter net income.

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.

Container ship near a port. Ammonia emerges as most feasible alternative fuel for deep-sea shipping in 2050 emissions study  

Research combining expert survey and technical analysis ranks ammonia ahead of hydrogen and methanol.
Cargo vessel at sea. EMSA study examines biodiesel blend spill response as shipping adopts alternative fuels  

Research addresses knowledge gaps on biodiesel-conventional fuel blends as marine pollutants and response measures.
BIMCO ETS BARECON clause 2026 graphic. BIMCO adopts ETS clause for bareboat charters, delays biofuel provision  

BIMCO’s Documentary Committee has approved an emissions trading compliance clause while requesting further work on a biofuel charter provision.
SALEFORM 2025 standard form graphic. BIMCO and Norwegian Shipbrokers’ Association launch SALEFORM 2025 ship sale contract  

Updated agreement addresses banking changes, compliance requirements and environmental regulations affecting vessel transactions.
Everllence H2 test engine. Everllence develops hydrogen test bench for marine engines  

German engine maker upgrades Augsburg facility under HydroPoLEn project backed by federal maritime research funding.
CMA CGM Osmium vessel. CMA CGM names 13,000-teu methanol-fuelled containership in South Korea  

CMA CGM Osmium to operate on Asia–Mexico service as part of the carrier’s decarbonisation strategy.
NorthStandard logo. NorthStandard publishes biofuel guide as marine insurance claims emerge  

White paper addresses quality issues and compliance requirements as biofuel testing volumes surge twelvefold.
Clean Maritime Fuels Platform (CMFP) logo. Maritime fuel platform calls for EU shipping ETS revenues to fund clean fuel deployment  

Clean Maritime Fuels Platform urges earmarking of national emissions trading revenues for renewable fuel infrastructure.
Seatransport 73m SLV Lloyd’s Register grants approval for hybrid nuclear power design for amphibious vessels  

Classification society approves Seatransport’s concept integrating micro modular reactors with diesel-electric systems.
Everllence ME-LGIE engine. Everllence and Vale partner on ethanol-powered marine engine development  

Brazilian mining company to develop dual-fuel ethanol engines based on ME-LGI platform.




 Recommended