World Fuel Services 2013 Annual Report Download - page 23

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PART II
Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer
Purchases of Equity Securities
Our common stock is traded on the New York Stock Exchange (‘‘NYSE’’) under the symbol INT. As of February 5, 2014, there were 320
shareholders of record of our common stock and the closing price of our stock on the NYSE was $42.81. The following table sets forth,
for each quarter in 2013 and 2012, the high and low closing sales prices of our common stock as reported by the NYSE.
Price
High Low
2013
First quarter $45.11 $37.84
Second quarter 41.88 37.03
Third quarter 41.62 35.00
Fourth quarter 43.21 36.79
2012
First quarter $48.94 $40.09
Second quarter 44.32 35.40
Third quarter 41.03 34.58
Fourth quarter 41.68 34.00
Cash Dividends
The following table sets forth the amount, the declaration date, record date and payment date for each quarterly cash dividend
declared in 2013 and 2012.
Per Share Amount Declaration Date Record Date Payment Date
2013
First quarter $0.0375 March 8, 2013 March 22, 2013 April 5, 2013
Second quarter 0.0375 May 31, 2013 June 21, 2013 July 5, 2013
Third quarter 0.0375 August 23, 2013 September 20, 2013 October 4, 2013
Fourth quarter 0.0375 November 26, 2013 December 13, 2013 January 3, 2014
2012
First quarter $0.0375 March 6, 2012 March 23, 2012 April 6, 2012
Second quarter 0.0375 June 12, 2012 June 22, 2012 July 6, 2012
Third quarter 0.0375 August 24, 2012 September 14, 2012 October 5, 2012
Fourth quarter 0.0375 November 20, 2012 December 14, 2012 January 4, 2013
Our Credit Facility and Term Loans restrict the payment of cash dividends to a maximum of the sum of (i) $50.0 million plus (ii) 50% of
the cumulative consolidated net income for each fiscal quarter beginning with the fiscal quarter ended March 31, 2010, plus (iii) 100%
of the net proceeds of all equity issuances made after October 2013. For additional information regarding our Credit Facility and Term
Loans, see Note 6 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.’’
17