Delek US Holdings Inc (DK) Declares Quarterly Dividend of $0.25
Delek US Holdings Inc (NYSE:DK) announced a quarterly dividend on Wednesday, August 8th, Wall Street Journal reports. Investors of record on Tuesday, August 21st will be given a dividend of 0.25 per share by the oil and gas company on Tuesday, September 4th. This represents a $1.00 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, August 20th.
Delek US has a payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Delek US to earn $8.67 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.5%.
DK opened at $49.43 on Friday. Delek US has a twelve month low of $20.65 and a twelve month high of $61.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.34 and a quick ratio of 0.89. The stock has a market cap of $4.36 billion, a P/E ratio of 39.23, a PEG ratio of 1.07 and a beta of 1.42.
In other news, insider Jared Serff sold 1,787 shares of the company’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $50.30, for a total value of $89,886.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Avigal Soreq sold 1,654 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $51.46, for a total value of $85,114.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,982 shares of company stock valued at $11,389,769. Insiders own 1.40% of the company’s stock.
About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
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