Referenced Stocks

Delek US Holdings Declares Special Cash Dividend of $0.10, Wipes out Remaining Debt; Shares Up 3%

By Midnight Trader,  September 27, 2012, 10:53:49 AM EDT

Delek US Holdings, Inc. ( DK ) is up 3% after declaring a special cash dividend of $0.10 per share. Shareholders of record October 16, 2012, will receive the special cash dividend payable October 30, 2012.

DK also announced said that it has paid off the remaining $38.5 million of debt that was owed to an affiliate of Delek Group, Ltd. This debt was primarily associated with the company's acquisition of Lion Oil Company in April 2011.

DK is trading at $25.66 in a 52-week range of $25.13 - $25.85; shares have increased 105% in the last 12 months.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: DK



Latest News Video

Anti-Islamist English Defense League Takes to Streets of Newcastle
Anti-Islamist English Defense Leagu...
Missouri Train Crash Collapses Overpass, Injures 7
Missouri Train Crash Collapses Over...
'Black Widow' Suicide Bomber Attacks Russian Police
'Black Widow' Suicide Bomber Attack...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%