Delek Logistics declared a quarterly cash distribution for Q1 of $1.07 per common limited partner unit, or $4.28 on an annualized basis. This distribution represents a 4.4% increase over the Q1 distribution of $1.025 per common limited partner unit. The Q1 cash distribution is payable on May 15 to unitholders of record on May 8. Delek Logistics is also filing a “shelf” registration statement with the SEC to provide up to $500M of additional financial flexibility going forward.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKL:
- Delek Logistics initiated with a Buy at Truist
- Delek Logistics Unveils New Investor Presentation Strategy
- Snowflake, MongoDB downgraded to Sell: Wall Street’s top analyst calls
- Delek Logistics upgraded to Outperform from Market Perform at Raymond James
- Delek Logistics Completes Public Offering of Common Units
