Smf Energy (NASDAQ:FUEL)

FT. LAUDERDALE, Fla., Jan. 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.

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.

"As the result of Richard's eleven years directing our business, we are now one of the leading providers of petroleum product distribution services, transportation logistics and emergency response services in the country.  Richard's accomplishment is particularly noteworthy since he did so notwithstanding some of the most challenging economic circumstances in history for our industry and for the economy as a whole, coupled with the burden of being a public company during periods of ever increasing regulatory scrutiny.  Full Release