Investors eagerly anticipate the dividend payout from Delek Logistics Partners DKL on February 12, 2024. With a payout of $1.05 per share and an annualized dividend yield of 9.40%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on February 02, 2024
Delek Logistics Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-02 | 4 | $1.05 | 9.4% | 2024-01-24 | 2024-02-05 | 2024-02-12 |
| 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 |
When comparing Delek Logistics Partners's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Okeanis Eco Tankers ECO having the highest annualized dividend yield at 18.80%.
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
During the period of 2020 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $3.58 to $4.12, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Delek Logistics Partners
The earnings chart displays a decline in Delek Logistics Partners's earnings per share, decreasing from $3.72 in 2020 to $3.37 in 2023. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
Recap
This article provides an in-depth analysis of Delek Logistics Partners's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $1.05 per share, resulting in an annualized dividend yield of 9.40%.
When comparing Delek Logistics Partners's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Okeanis Eco Tankers having the highest annualized dividend yield at 18.80%.
The rising dividend per share and declining earnings per share of Delek Logistics Partners from 2020 to 2023 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Delek Logistics Partners's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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