Delek US Increases Quarterly Dividend to $0.245

By Tamara Parker • Wednesday, February 21 11:40 • Permanent Link

Delek US Holdings, Inc. has announced an increase in its regular quarterly dividend, with the board of directors approving a $0.005 per share rise to $0.245 per share. The dividend is set to be paid on March 8, 2024, to shareholders of record on March 1, 2024.

Ezra Uzi Yemin, Chairman, President and Chief Executive Officer of Delek, commented on the dividend increase, stating, "We are pleased to increase our regular quarterly dividend. This action reflects our confidence in the strength of our business and our commitment to returning capital to our shareholders as we continue to execute our strategy."

The company's latest move comes amid a backdrop of mixed market performance. Delek US Holdings' shares have seen a 2.2% increase, bringing their trading price to $27.92.

Delek US Holdings, Inc. is a diversified downstream energy company with operations in petroleum refining, logistics, pipelines, renewable fuels, and convenience store retailing. Its refining assets include refineries in Texas, Arkansas, and Louisiana, with a combined nameplate crude throughput capacity of 302,000 barrels per day. The company also operates convenience stores in West Texas and New Mexico and has interests in midstream energy infrastructure assets through its subsidiary, Delek Logistics Partners, LP.

The full 8-K submission from Delek US Holdings, Inc. can be accessed here.

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