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Delek Declares Another Special Dividend

Diversified downstream energy company Delek US Holdings (NYSE: DK  ) announced today its third special cash dividend of the year in the amount of $0.10 per share.

Noting the strategic decisions made have enhanced Delek's financial flexibility, Chairman, President, and CEO Uzi Yemin said, "So far in 2013, we have increased the regular dividend, paid special dividends and repurchased shares. Going forward, we remain focused on business performance and evaluating opportunities for future growth, while continuing our commitment to return value to our shareholders."

The board of directors said the quarterly dividend is payable on October 29 to holders of record at the close of business on October 8. In addition to the cash rewards, Delek also pays a regular quarterly dividend in the amount of $0.15 per share, which equates to a $0.60-per-share annual dividend, yielding 2.9% based on the closing price today of Delek's stock.

DK Dividend Chart

DK Dividend data by YCharts. Chart reflects payment of several special dividends.

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9/28/2016 9:38 AM
DK $16.75 Up +0.04 +0.24%
Delek US Holdings CAPS Rating: *****