Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.105 per Common Limited Partner Unit
Delek Logistics Partners (NYSE: DKL) has announced its quarterly cash distribution for Q4 2024. The company will distribute $1.105 per common partner unit, which equals $4.42 per unit on an annualized basis. The distribution will be paid on February 11, 2025, to unitholders recorded as of February 4, 2025.
Delek Logistics Partners (NYSE: DKL) ha annunciato la sua distribuzione di cassa trimestrale per il Q4 del 2024. L'azienda distribuirà 1,105 dollari per unità di partner comune, che corrisponde a 4,42 dollari per unità su base annualizzata. La distribuzione sarà effettuata il 11 febbraio 2025, per gli unitholders registrati al 4 febbraio 2025.
Delek Logistics Partners (NYSE: DKL) ha anunciado su distribución de efectivo trimestral para el Q4 de 2024. La compañía distribuirá $1.105 por unidad de socio común, lo que equivale a $4.42 por unidad en una base anualizada. La distribución se pagará el 11 de febrero de 2025, a los tenedores de unidades registrados al 4 de febrero de 2025.
Delek Logistics Partners (NYSE: DKL)는 2024년 4분기 분기별 현금 배당금을 발표했습니다. 회사는 공동 파트너 유닛당 1.105달러를 배당하며, 이는 연간 기준으로 유닛당 4.42달러에 해당합니다. 배당금은 2025년 2월 11일에 지급되며, 2025년 2월 4일 기준으로 등록된 유닛 소유자에게 지급됩니다.
Delek Logistics Partners (NYSE: DKL) a annoncé sa distribution trimestrielle de liquidités pour le quatrième trimestre de 2024. La société distribuera 1,105 $ par unité de partenaire commun, ce qui équivaut à 4,42 $ par unité sur une base annualisée. La distribution sera versée le 11 février 2025, aux détenteurs d'unités enregistrés au 4 février 2025.
Delek Logistics Partners (NYSE: DKL) hat seine vierteljährliche Barauszahlung für das 4. Quartal 2024 bekannt gegeben. Das Unternehmen wird 1,105 Dollar pro gemeinsamer Partner-Einheit ausschütten, was 4,42 Dollar pro Einheit auf Jahresbasis entspricht. Die Ausschüttung wird am 11. Februar 2025 an die Einheiteninhaber ausgezahlt, die am 4. Februar 2025 registriert sind.
- Maintains consistent quarterly distribution payments to unitholders
- Provides predictable income stream for investors
- None.
Insights
DKL's latest quarterly distribution announcement of
The distribution structure of Master Partnerships (MLPs) like DKL carries unique advantages and considerations for investors. MLPs typically distribute a significant portion of their available cash flow, offering higher yields compared to traditional C-corporations. However, it's important to understand that these distributions often include return of capital, which affects the tax basis of the investment.
For income-focused portfolios, DKL's consistent distribution policy provides a reliable income stream, particularly valuable in the current market environment. The company's midstream assets, including pipelines and storage facilities, generate relatively stable cash flows through fee-based contracts, which helps support the sustainability of these distributions.
From a tax perspective, investors should note that MLP distributions require handling K-1 forms instead of standard 1099-DIV forms, adding some complexity to tax reporting. Additionally, these investments may not be suitable for tax-advantaged accounts due to potential issues with unrelated business taxable income (UBTI).
About Delek Logistics Partners, LP
Delek Logistics is a midstream energy master limited partnership headquartered in
Delek US Holdings, Inc. (NYSE: DK) owns the general partner interest as well as a majority limited partner interest in Delek Logistics and is also a significant customer.
Safe Harbor Provisions Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Statements concerning future distributions, including the amounts and timing thereof, current estimates, expectations or projections about future distributions, future financial flexibility, results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are "forward-looking statements," within the meaning of federal securities laws. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and investors are cautioned that risks described in Delek Logistics’ filings with the United States Securities and Exchange Commission, among others, could cause actual performance or results to differ materially from those expressed in the statements. There can be no assurance that actual results will not differ from those expected by management or described in forward-looking statements. Delek Logistics undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which Delek Logistics becomes aware of, after the date hereof.
Tax Considerations
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Delek Logistics Partners, LP's distributions to foreign investors are attributable to income that is effectively connected with a
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Investor Relations and Media/Public Affairs Contact:
investor.relations@delekus.com
Source: Delek Logistics Partners, LP
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