Delek US Holdings, Inc. Announces Quarterly Dividend of $0.26 (NYSE:DK)

Key Points

• Delek US Holdings, Inc. has declared a quarterly dividend of $0.26 per share, which translates to an annualized dividend of $1.02 and a yield of 4.46%.
• The company is currently facing challenges with a negative dividend payout ratio of -48.1%, indicating it cannot cover its dividend payments through earnings alone.
• Delek's stock has recently experienced a decline of 2.5%, trading at $22.89, and analysts project a continued difficult financial outlook with expected earnings of ($2.92) per share next year.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Monday, August 11th will be paid a dividend of 0.255 per share by the oil and gas company on Monday, August 18th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Monday, August 11th.

Delek US has a dividend payout ratio of -48.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 NYSE:DK traded down $1.57 on Friday, hitting $20.80. The company had a trading volume of 1,320,384 shares, compared to its average volume of 1,693,401. Delek US has a 1-year low of $11.02 and a 1-year high of $27.07. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -1.87 and a beta of 0.98. The stock has a 50 day moving average price of $22.06 and a 200 day moving average price of $18.09. The company has a current ratio of 0.85, a quick ratio of 0.53 and a debt-to-equity ratio of 7.05.

Delek US (NYSE:DK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted ($0.41) EPS. The company's revenue was down 18.1% compared to the same quarter last year. Analysts expect that Delek US will post -5.5 EPS for the current year.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.