Delek US Holdings, Inc. (NYSE:DK – Get Free Report) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.255 per share by the oil and gas company on Monday, March 9th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, March 2nd.
Delek US has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Delek US has a dividend 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. Equities research analysts expect Delek US to earn ($2.92) per share next year, which means the company may not be able to cover its $1.02 annual dividend with an expected future payout ratio of -34.9%.
Delek US Stock Down 1.1%
NYSE:DK traded down $0.39 during trading hours on Thursday, reaching $34.22. The company’s stock had a trading volume of 52,390 shares, compared to its average volume of 1,527,531. Delek US has a 12 month low of $11.02 and a 12 month high of $43.50. The stock has a 50 day moving average price of $30.78 and a two-hundred day moving average price of $31.98. The company has a market capitalization of $2.05 billion, a P/E ratio of -4.19 and a beta of 0.84. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.58 and a current ratio of 0.86.
Delek US Company Profile
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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