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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 January 4, 2013 to shareholders of record on December 14, 2012.

Net income during the third quarter of 2012 dipped by $0.7 million, or 1.3 percent, to $51.5 million, or $0.72 diluted earnings per share, compared to $52.7 million, or $0.74 diluted earnings per share, in the third quarter of 2011.

The company’s marine segment generated a gross profit of $54 million, representing an increase of approximately $2.2 million or 4 percent sequentially, and $3.9 million or 8 percent year-on-year.

The aviation division generated a gross profit of $84.2 million in the third quarter of 2012, which was an increase of $15 million or 22 percent sequentially, and flat year-on-year.

The land segment posted a gross profit of $42.6 million - a decrease of $8.6 million or 17 percent sequentially, but an increase of $5.8 million or 16 percent year-on-year.

WFS declared a quarterly cash dividend of $0.0375 per share in August 2012, June 2012, March 2012 and throughout the whole of 2011, 2010, 2009, 2008 and 2007.