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Have Delek’s Dividend Payments Risen?


Jun. 26 2019, Updated 1:26 p.m. ET

Delek’s dividend per share

Although Delek US Holdings (DK) stock has risen in the second quarter, it has fallen in the past year, which caused a rise in its dividend yield. Before reviewing Delek’s dividend yield, we’ll discuss the company’s dividend payment in the second quarter.

In the second quarter, Delek paid a dividend of $0.28 per share on June 3. The dividend was announced on May 6. Delek’s dividend payment rose 12% YoY in the second quarter. Delek increased its dividends 4% sequentially in the fourth quarter of 2018, the first quarter, and the second quarter.

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Delek’s dividend yield

Delek’s current dividend yield is 3.1%. The dividend yield rose from 1.7% in the second quarter of 2018. The yield rose due to a fall in Delek stock and a rise in its dividends in the stated period. From the second quarter of 2018 to the second quarter, Delek stock has fallen 27%. The company’s dividends have risen 12%.

In the first quarter, Delek returned $67 million to shareholders through dividends and buybacks. In the second quarter, Delek expects to repurchase shares worth $60 million.

On striking a balance between dividends and growth, Uzi Yemin, Delek’s chairman, president, and CEO, said, “We will remain focused on creating long term value as we balance returning cash to our shareholders investing in our business and exploring opportunities to develop the next stage of our growth.”

Peers’ yield

Delek’s yield is lower than its peers. Valero Energy (VLO), Phillips 66 (PSX), and PBF Energy’s (PBF) current dividend yields are 4.6%, 4.1%, and 4.9%, respectively. Marathon Petroleum (MPC) and HollyFrontier’s (HFC) yields are 4.3% and 3.2%, respectively.


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