World Fuel Services Corp. INT, -3.35% said Tuesday it was raising its quarterly dividend by 17%, to 14 cents a share from 12 cents a share. The fuel distribution company’s new dividend will be payable Oct. 7 to shareholders of record on Sept. 23. The stock fell 3.2% in morning trading. Based on current stock prices, the new annual dividend rate would imply a dividend yield of 2.28%, which compares with the implied yield for the S&P 500 SPX, -4.32% of 1.65%. The stock has gained 2.8% over the past three months while the S&P 500 SPX, -4.32% has tacked on 6.3%.
