Delek US Holdings, Inc. (DK) To Go Ex-Dividend on March 2nd

Delek US Holdings, Inc. (NYSE:DK) declared a quarterly dividend on Wednesday, February 18th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.255 per share by the oil and gas company on Monday, March 9th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, March 2nd.

Delek US has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Delek US has a dividend payout ratio of -48.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Delek US to earn ($2.92) per share next year, which means the company may not be able to cover its $1.02 annual dividend with an expected future payout ratio of -34.9%.

Delek US Stock Performance

Shares of DK opened at $34.20 on Friday. The stock has a 50 day moving average of $30.78 and a 200 day moving average of $32.00. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -4.19 and a beta of 0.84. Delek US has a 12 month low of $11.02 and a 12 month high of $43.50. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 7.12.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.