Delek US Holdings, Inc. (DK) to Issue Quarterly Dividend of $0.26 on August 10th

Delek US Holdings, Inc. (NYSE:DKGet Free Report) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 3rd will be given a dividend of 0.255 per share by the oil and gas company on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 3rd.

Delek US has increased 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 2 consecutive years. Delek US has a payout ratio of -48.1% 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 US to earn $4.06 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 25.1%.

Delek US Trading Up 0.0%

Shares of DK stock opened at $67.71 on Friday. The stock has a fifty day simple moving average of $52.43 and a two-hundred day simple moving average of $43.61. Delek US has a 52-week low of $19.81 and a 52-week high of $68.93. The firm has a market capitalization of $4.15 billion, a PE ratio of -74.41, a PEG ratio of 1.78 and a beta of 0.58. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76.

Delek US (NYSE:DKGet Free Report) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $1.50. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The firm’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted ($2.32) earnings per share. On average, analysts predict that Delek US will post 8.32 EPS for the current fiscal year.

Delek US Company Profile

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Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.

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Dividend History for Delek US (NYSE:DK)

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