Delek Logistics Partners, L.P. (DKL) To Go Ex-Dividend on May 4th

Delek Logistics Partners, L.P. (NYSE:DKL) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Monday, May 4th will be given a dividend of 1.13 per share by the oil and gas producer on Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, May 4th. This is a 0.4% increase from Delek Logistics Partners’s previous quarterly dividend of $1.13.

Delek Logistics Partners has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Delek Logistics Partners has a payout ratio of 103.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Delek Logistics Partners to earn $4.75 per share next year, which means the company should continue to be able to cover its $4.52 annual dividend with an expected future payout ratio of 95.2%.

Delek Logistics Partners Trading Up 1.4%

Shares of DKL opened at $53.87 on Friday. The company has a debt-to-equity ratio of 386.77, a current ratio of 0.96 and a quick ratio of 1.07. The firm has a market cap of $2.88 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 0.62 and a beta of 0.50. The company has a 50 day simple moving average of $51.72 and a two-hundred day simple moving average of $48.59. Delek Logistics Partners has a 1 year low of $37.50 and a 1 year high of $55.89.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas producer reported $0.60 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.20). The company had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $239.87 million. Delek Logistics Partners had a return on equity of 1,917.10% and a net margin of 16.00%. On average, equities analysts expect that Delek Logistics Partners will post 3.86 earnings per share for the current fiscal year.

About Delek Logistics Partners

Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.

The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.