World Fuel Services Corporation (INT) will increase its quarterly dividend by 66.7 percent to $0.10 per share quarterly in 2019. This is the first dividend hike by the global energy management company since 2015.

The next dividend will be payable on July 5, 2019 to shareholders of record on June 10, 2019. A new annual rate of 40 cents per share yields 1.4% at a stock price of $29.15.

Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. 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.