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Elevating Investor Returns: Delek Logistics Partners Delivers Strong Performance and Growing Profits

Author: Benzinga Insights | November 13, 2023 11:05am

Today, November 13, 2023, marks an important moment for investors of Delek Logistics Partners (NYSE:DKL). The company will distribute a dividend payout of $1.04 per share, demonstrating an annualized dividend yield of 9.67%. Remember, only shareholders prior to the ex-dividend date on November 03, 2023 are eligible for this payout.

Delek Logistics Partners Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-11-03 4 $1.04 9.67% 2023-10-25 2023-11-06 2023-11-13
2023-08-04 4 $1.03 8.92% 2023-07-26 2023-08-07 2023-08-14
2023-05-05 4 $1.02 8.53% 2023-04-28 2023-05-08 2023-05-15
2023-02-01 4 $1.02 8.81% 2023-01-23 2023-02-02 2023-02-09
2022-11-03 4 $0.99 7.62% 2022-10-25 2022-11-04 2022-11-10
2022-08-03 4 $0.98 8.35% 2022-07-25 2022-08-04 2022-08-11
2022-05-04 4 $0.98 7.34% 2022-04-25 2022-05-05 2022-05-12
2022-01-31 4 $0.97 9.05% 2022-01-21 2022-02-01 2022-02-08
2021-11-04 4 $0.95 7.6% 2021-10-26 2021-11-05 2021-11-10
2021-08-04 4 $0.94 9.24% 2021-07-26 2021-08-05 2021-08-11
2021-05-07 4 $0.92 8.93% 2021-04-30 2021-05-10 2021-05-14
2021-02-01 4 $0.91 9.53% 2021-01-25 2021-02-02 2021-02-09

When comparing Delek Logistics Partners's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TORM (NASDAQ:TRMD) having the highest annualized dividend yield at 19.25%.

Analyzing Delek Logistics Partners Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $3.36 in 2019 to $3.93 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.

YoY Earnings Growth For Delek Logistics Partners

earning chart graph

From 2019 to 2022, Delek Logistics Partners has demonstrated an upward trend in earnings, with earnings per share rising from $2.67 to $3.64. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.

Recap

In this article, we delve into Delek Logistics Partners's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $1.04 per share today, resulting in an annualized dividend yield of 9.67%.

When comparing Delek Logistics Partners's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer TORM having the highest annualized dividend yield at 19.25%.

The increase in both dividend per share and earnings per share from 2019 to 2022 for Delek Logistics Partners indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.

To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.

\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: DKL TRMD

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