Delek Logistics Partners LP(DKL) Declares Dividend of $0.6800.

Delek Logistics Partners LP (DKL) had declared a cash dividend of $0.6800 on Jan 26, 2017. The shares will quote ex-dividend on Feb 3, 2017 and the record date has been fixed for Feb 7, 2017. Based on Feb 3, 2017 share price, the yield comes out to be 8.06%. The dividend payable date has been fixed on Feb 14, 2017.

Delek Logistics Partners LP (DKL) made into the market gainers list on Tuesdays trading session with the shares advancing 0.15% or 0.05 points. Due to strong positive momentum, the stock ended at $34.5, which is also near the day’s high of $34.55. The stock began the session at $34.35 and the volume stood at 27,803 shares. The 52-week high of the shares is $36.05 and the 52 week low is $21.3. The company has a current market capitalization of $839 M and it has 2,43,04,987 shares in outstanding.

Delek Logistics Partners LP(DKL) last announced its earnings results on Oct 31, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $107.47M. Analysts had an estimated revenue of $108.61M. Earnings per share were $0.41. The reported EPS was above estimates by $0.14 or NaN%. Analysts had estimated an EPS of $0.55.

Several Insider Transactions has been reported to the SEC. On Nov 14, 2016, Daniel L Gordon (Executive Vice President) sold 736 shares at $22.43 per share price.Also, On Apr 29, 2016, Kent B Thomas (Executive Vice President) sold 2,500 shares at $33.00 per share price.On Mar 4, 2016, Andrew L Schwarcz (EVP / General Counsel) sold 4,165 shares at $29.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil and intermediate and refined products. The Company’s business primarily consists of the assets liabilities and results of operations of certain crude oil and refined product pipelines and transportation storage wholesale marketing and terminalling assets. Its business consists of two operating segments: Pipelines and Transportation segment providing crude oil gathering and crude oil intermediate and finished products transportation and storage services and Wholesale Marketing and Terminalling segment offering marketing services for refined products. It was formed by Delek US Holdings Inc. and its indirect subsidiary Delek Logistics GP LLC. The Company generates revenue from gathering transporting and storing crude oil for storing intermediate products and feed stocks and for marketing distributing transporting and storing refined products.

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