Delek US Holdings, Inc. Declares Quarterly Dividend of $0.26 (NYSE:DK)

Delek US Holdings, Inc. (NYSE:DK) declared 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) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend 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 increased its dividend every year for the last 2 years. Delek US has a dividend payout ratio of -48.1% indicating that 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 $2.59 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 39.4%.

Delek US Stock Down 2.2%

Shares of NYSE DK opened at $64.74 on Friday. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -71.14, a PEG ratio of 0.35 and a beta of 0.58. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. The stock has a 50-day moving average price of $49.94 and a two-hundred day moving average price of $42.22. Delek US has a 12 month low of $19.81 and a 12 month high of $68.93.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the business posted ($2.32) earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. As a group, analysts forecast that Delek US will post 6.39 earnings per share for the current fiscal year.

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.