DKL dividend calculator – DELEK LOGISTICS Partners Lp Declares 1.025 Cash Dividend

🌥️Dividends Yield

On May 26, 2023, DELEK LOGISTICS Partners Lp declared a 1.025 cash dividend per share. This comes after a strong three-year track record of dividend payments to shareholders. For the past three years, DELEK LOGISTICS PARTNERS ($NYSE:DKL) has distributed annual dividends per share of 3.98 USD, 3.93 USD, and 3.72 USD, respectively. These payments resulted in dividend yields of 7.84%, 7.96%, and 8.67%, giving the company an average dividend yield of 8.16%.

For investors looking for income from dividend stocks, DELEK LOGISTICS PARTNERS could be an ideal option. The ex-dividend date for this latest payment is May 5, 2023, so it’s important to ensure you purchase the stock before that date to be eligible for the dividend payment.

Market Price

This came as a pleasant surprise to investors, driving up the price of the stock significantly. On Friday, the stock opened at $53.4 and closed at $55.3, representing a 4.7% increase from the prior closing price of $52.9. This surge in stock price was a direct result of the announcement of the dividend. Investors expect this dividend to be paid out sometime in the near future, which has led to increased confidence in the company and performance of its stock. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for DKL. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for DKL. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for DKL. More…

Key Ratios Snapshot

Some of the financial key ratios for DKL are shown below. More…

Analysis

GoodWhale has analyzed the fundamentals of DELEK LOGISTICS PARTNERS and determined it to be a medium-risk investment. Our risk rating takes into account both the financial and business aspects of the company. When looking at the income statement and financial journal, GoodWhale detected two risk warnings that should be taken into consideration before investing. To get full access to these warnings, we recommend becoming a registered user on our website. More…

Peers

Delek Logistics Partners LP and its competitors, PBF Logistics LP, Shell Midstream Partners LP, TORM PLC, are all engaged in a highly competitive market. Each company is striving to gain market share and increase profits. In order to do this, they are constantly innovating and improving their operations. As a result, the competition between these companies is fierce and the margin for error is very slim.

– PBF Logistics LP ($NYSE:PBFX)

PBF Logistics LP is a publicly traded master limited partnership that owns, operates, and develops crude oil, refined products, and natural gas liquids (NGL) storage and transportation assets. PBF Logistics LP is headquartered in Parsippany, New Jersey. The company was founded in 2013 and has a market cap of $1.36 billion as of 2022. The company’s return on equity is 40.3%. PBF Logistics LP owns and operates crude oil storage tanks and terminals, refined product storage tanks and terminals, and NGL storage tanks and pipelines. The company’s assets are located in the United States.

– Shell Midstream Partners LP ($NYSE:SHLX)

Dormant for much of the past decade, British energy company BP plc (NYSE:BP) has awakened in recent years, growing its production and making a major acquisition.

The company’s market cap is $17.22B as of 2022 and its ROE is 17.86%.

BP is one of the world’s largest oil and gas companies, providing fuel for transportation, energy for heat and light, retail services and petrochemicals products for customers around the world. The company has operations in more than 70 countries and employs more than 74,000 people.

Summary

DELEK LOGISTICS PARTNERS is a good choice for those looking to invest in dividend stocks. For the past three years, the company has consistently distributed annual dividends per share ranging from 3.72 USD to 3.98 USD, resulting in a dividend yield average of 8.16%. These yields show solid stability and potential for good returns in the future. Investing in DELEK LOGISTICS PARTNERS could be a profitable venture for those seeking a secure and lucrative dividend stock.