FT. LAUDERDALE, Florida,
January 12, 2012 /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 declared a quarterly cash dividend of $0.01725 per share payable to holders of record
of the Company's common stock at the close of business on
February 14, 2012, to be paid on
March 9, 2012.
(Logo:
http://photos.prnewswire.com/prnh/20090513/SMFENERGYCORPLOGO )
Steven R. Goldberg, Chief
Executive Officer and President, noted, "I am pleased to report the
Board's decision to increase the annualized dividend rate to
$0.069 per share, a 15% increase over
the prior level. This action underscores our confidence in the
financial strength and growth prospects of our company in addition
to providing an appropriate return to our shareholders. The Board
will continue to review these and other factors in consideration of
the program in the future."
ABOUT SMF ENERGY CORPORATION (NASDAQ: FUEL)
The Company is a leading provider of petroleum product
distribution services, transportation logistics and emergency
response services to the trucking, manufacturing, construction,
shipping, utility, energy, chemical, telecommunications and
government services industries. The Company provides its services
and products through 34 locations in the eleven states of
Alabama, California, Florida, Georgia, Louisiana, Nevada, Mississippi, North
Carolina, South Carolina,
Tennessee and Texas. The broad range of services the Company
offers its customers includes commercial mobile and bulk fueling;
the packaging, distribution and sale of lubricants and chemicals;
integrated out-sourced fuel management; transportation logistics
and emergency response services. The Company's fleet of custom
specialized tank wagons, tractor-trailer transports, box trucks and
customized flatbed vehicles delivers diesel fuel and gasoline to
customers' locations on a regularly scheduled or as needed basis,
refueling vehicles and equipment, re-supplying fixed-site and
temporary bulk storage tanks, and emergency power generation
systems; and distributes a wide variety of specialized petroleum
products, lubricants and chemicals to our customers. More
information on the Company is available at
http://www.mobilefueling.com.
FORWARD LOOKING STATEMENTS
This press release includes "forward-looking statements" within
the meaning of the safe harbor provision of the Private Securities
Litigation Reform Act of 1995. For example, predictions or
statements of belief or expectation concerning the future
performance of the Company, the future trading prices of the
Company's common stock, the Company's ability to declare and pay
future dividends, and the potential for further growth of the
Company are all "forward looking statements" which should not be
relied upon. Such forward-looking statements are based on the
current beliefs of the Company and its management based on
information known to them at this time. Because these statements
depend on various assumptions as to future events, they should not
be relied on by shareholders or other persons in evaluating the
Company. Although management believes that the assumptions
reflected in such forward-looking statements are reasonable, actual
results could differ materially from those projected. In addition,
there are numerous risks and uncertainties that could cause actual
results to differ from those anticipated by the Company, including
but not limited to those cited in the "Risk Factors" section of the
Company's Form 10-K for the year ended June
30, 2011.
Contact: Michael S. Shore
Chief Financial Officer
+1-954-308-4200