Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.10 per Common Limited Partner Unit
Delek Logistics Partners (NYSE: DKL) has announced its quarterly cash distribution for Q3 2024. The company will distribute $1.10 per common partner unit, equivalent to $4.40 on an annualized basis. The distribution will be paid on November 14, 2024, to unitholders of record as of November 8, 2024.
Delek Logistics Partners (NYSE: DKL) ha annunciato la sua distribuzione di cassa trimestrale per il terzo trimestre del 2024. L'azienda distribuirà 1,10 dollari per ogni unità di partner comune, equivalente a 4,40 dollari su base annuale. La distribuzione sarà pagata il 14 novembre 2024 agli azionisti registrati al 8 novembre 2024.
Delek Logistics Partners (NYSE: DKL) ha anunciado su distribución de efectivo trimestral para el tercer trimestre de 2024. La empresa distribuirá 1,10 dólares por cada unidad de socio común, equivalente a 4,40 dólares en una base anualizada. La distribución se pagará el 14 de noviembre de 2024 a los tenedores de unidades registrados hasta el 8 de noviembre de 2024.
Delek Logistics Partners (NYSE: DKL)는 2024년 3분기 현금 배당금을 발표했습니다. 회사는 공동 파트너 유닛당 1.10달러를 배당할 예정이며, 이는 연간 기준으로 4.40달러에 해당합니다. 배당금은 2024년 11월 14일에 2024년 11월 8일 기준의 유니언홀더에게 지급됩니다.
Delek Logistics Partners (NYSE: DKL) a annoncé sa distribution trimestrielle de liquidités pour le troisième trimestre 2024. L'entreprise distribuera 1,10 dollar par unité de partenaire commun, ce qui équivaut à 4,40 dollars sur une base annualisée. La distribution sera effectuée le 14 novembre 2024, aux détenteurs d'unités enregistrés au 8 novembre 2024.
Delek Logistics Partners (NYSE: DKL) hat seine vierteljährliche Barausschüttung für das 3. Quartal 2024 bekannt gegeben. Das Unternehmen wird 1,10 Dollar pro handelsüblicher Partnereinheit ausschütten, was einem 4,40 Dollar Jahresbetrag entspricht. Die Ausschüttung wird am 14. November 2024 an die am 8. November 2024 eingetragenen Unitholder ausgezahlt.
- Maintains consistent quarterly distribution payments to unitholders
- Provides stable income stream for investors with $4.40 annual distribution rate
- None.
Insights
This dividend increase represents a significant development for DKL investors. The
For MLPs like Delek Logistics Partners, distribution levels and sustainability are important metrics for investors. The maintained high yield positions DKL competitively within the midstream sector, where income-focused investors often seek stable, high-yielding investments. However, investors should monitor the distribution coverage ratio in upcoming earnings to ensure the payout remains sustainable.
About Delek Logistics Partners, LP
Delek Logistics is a midstream energy master limited partnership headquartered in
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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