This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

SMF Energy Announces Quarterly Dividend Program

FT. LAUDERDALE, Fla., Aug. 9, 2011 /PRNewswire/ -- SMF ENERGY CORPORATION (NASDAQ: FUEL),a leading energy logistics company providing efficient, just in time distribution of petroleum products and chemicals, today announced that its Board of Directors has adopted a quarterly cash dividend program for its common stock effective with the quarter ended June 30, 2011.  The Board has declared the first quarterly cash dividend of $0.0125 per share payable to holders of record of the Company's common stock at the close of business on September 28, 2011, to be paid on October 14, 2011.

(Logo: )

Richard E. Gathright, Chairman of the Board, Chief Executive Officer and President, commented, "The Board's adoption of a quarterly dividend program demonstrates its confidence in the continuing prosperity of our business and its expectations of success based on our long-term strategy for growth.  The Board's action also reflects its commitment to return capital to shareholders by distributing a portion of its earnings to shareholders via dividends.  We believe that the dividend program will also enhance the market perception of our common stock, and we welcome those new stockholders who respond to this action by investing in a growing company with a regular and competitive dividend."

Gathright added, "The Board's action is responsive to the longstanding wishes of many of our most loyal shareholders.  We moved cautiously, however, because we wanted to be comfortable that we could continue paying a dividend for the foreseeable future and possibly even increase it in the future if there are further improvements in our performance.  We also wanted to be certain that we had sufficient cash resources to continue investing in our business after paying the dividend."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs