World Fuel Services 2004 Annual Report Download - page 24

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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
On January 20, 2005, we announced a two-for-one split of our common stock. The additional shares issued pursuant to
the stock split were distributed on February 15, 2005 to stockholders of record as of February 1, 2005. All references in this
Form 10-K to number of shares and per share amounts reflect the stock split.
Our common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol INT. As of March 24, 2005,
there were 227 shareholders of record of our common stock, and the closing price of our stock on the NYSE was $26.39. The
following table sets forth, for each quarter in 2004 and 2003, the high and low closing sales prices of our common stock as
reported by the NYSE.
Price
High Low
Year ended December 31, 2004
First quarter 18.37$ 16.34$
Second quarter 22.66 19.00
Third quarter 22.60 16.95
Fourth quarter 24.90 16.90
Year ended December 31, 2003
First quarter 10.52$ 9.85$
Second quarter 12.39 9.84
Third quarter 14.20 11.72
Fourth quarter 17.00 14.15
The following table sets forth the amount, the declaration date, record date, and payment date for each quarterly dividend
declared in 2004 and 2003.
Per Share
Amount Declaration Date Record Date Payment Date
Year ended December 31, 2004
First quarter $ 0.0375 March 1, 2004 March 19, 2004 April 5, 2004
Second quarter 0.0375 June 1, 2004 June 18, 2004 July 6, 2004
Third quarter 0.0375 September 1, 2004 September 17, 2004 October 4, 2004
Fourth quarter 0.0375 December 1, 2004 December 17, 2004 January 4, 2005
Year ended December 31, 2003
First quarter $ 0.0375 February 28, 2003 March 14, 2003 April 3, 2003
Second quarter 0.0375 June 2, 2003 June 20, 2003 July 3, 2003
Third quarter 0.0375 September 1, 2003 September 19, 2003 October 2, 2003
Fourth quarter 0.0375 December 1, 2003 December 19, 2003 January 2, 2004
Our credit facility agreement restricts the payment of cash dividends to a maximum of 35% of our net income for the four
quarters preceding the date of the dividend. The payments of the above dividends were in compliance with the credit facility
agreement. For additional information regarding our credit facility agreement, see Note 3 to the accompanying consolidated
financial statements, included herein, and “Liquidity and Capital Resources” in “Item 7 – Management’ s Discussion and
Analysis of Financial Condition and Results of Operations.” On March 1, 2005, our Board of Directors approved a quarterly
cash dividend of $0.0375 per share for 2005.
For information regarding our issuances of common stock, see Note 5 to the accompanying consolidated financial
statements, included herein.
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