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World Fuel Services Corporation Increases Quarterly Dividend By 17%
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
World Fuel Services Corporation (NYSE:INT) announced a 17% increase in its quarterly cash dividend to $0.14 per share, effective October 7, 2022, for shareholders of record on September 23, 2022. Executive Vice President and CFO, Ira M. Birns, emphasized this decision as a sign of the company's confidence in its growth and cash generation capabilities. The announcement reflects a commitment to long-term value generation for shareholders.
Positive
17% increase in quarterly cash dividend to $0.14 per share.
Dividend payment demonstrates confidence in growth opportunities and cash generation.
Negative
None.
MIAMI--(BUSINESS WIRE)--
World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has approved a 17% increase to its quarterly cash dividend to $0.14 per share, which will be payable on October 7, 2022 to shareholders of record on September 23, 2022.
“Today’s announcement is a reflection of our confidence in the rapidly evolving growth opportunities of our business and related cash generation,” said Ira M. Birns, executive vice president and chief financial officer. “Our disciplined approach to capital allocation demonstrates our commitment to generating long-term value for our shareholders.”
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement and related services, as well as transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services also offers natural gas and electricity, as well as energy advisory services, including programs for sustainability solutions and renewable energy alternatives. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
Ira M. Birns Executive Vice President & Chief Financial Officer
or
Glenn Klevitz
Vice President, Treasurer and Investor Relations
(305) 428-8000
investors@wfscorp.com
Source: World Fuel Services Corporation
FAQ
What is the new dividend amount for World Fuel Services (INT)?
The new dividend amount is $0.14 per share.
When will the new dividend be paid to shareholders of World Fuel Services (INT)?
The new dividend will be paid on October 7, 2022.
What is the record date for the dividend of World Fuel Services (INT)?
The record date for the dividend is September 23, 2022.
How much did the dividend increase for World Fuel Services (INT)?
The dividend increased by 17%.
What does the dividend increase indicate about World Fuel Services (INT)?
The increase indicates the company's confidence in its growth opportunities and cash generation.
