Delek US Holdings (DK) Declares $0.24 Dividend

Delek US Holdings said on August 4, 2023 that its board of directors declared a regular quarterly dividend of $0.24 per share ($0.94 annualized). Previously, the company paid $0.23 per share.

Shareholders of record as of August 14, 2023 will receive the payment on August 21, 2023.

At the current share price of $27.79 / share, the stock's dividend yield is 3.38%.

Looking back five years and taking a sample every week, the average dividend yield has been 3.75%, the lowest has been 1.85%, and the highest has been 12.61%. The standard deviation of yields is 1.63 (n=152).

The current dividend yield is 0.23 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is -1.09. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

What is the Fund Sentiment?

There are 509 funds or institutions reporting positions in Delek US Holdings. This is a decrease of 25 owner(s) or 4.68% in the last quarter. Average portfolio weight of all funds dedicated to DK is 0.17%, a decrease of 10.32%. Total shares owned by institutions increased in the last three months by 4.30% to 79,099K shares. The put/call ratio of DK is 0.82, indicating a bullish outlook.

Analyst Price Forecast Suggests 1.55% Upside

As of August 2, 2023, the average one-year price target for Delek US Holdings is 28.22. The forecasts range from a low of 20.20 to a high of $54.60. The average price target represents an increase of 1.55% from its latest reported closing price of 27.79.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Delek US Holdings is 14,639MM, a decrease of 18.33%. The projected annual non-GAAP EPS is 4.44.

What are Other Shareholders Doing?

Ion Asset Management holds 3,120K shares representing 4.76% ownership of the company. In it's prior filing, the firm reported owning 2,290K shares, representing an increase of 26.60%. The firm decreased its portfolio allocation in DK by 10.25% over the last quarter.

Victory Capital Management holds 2,644K shares representing 4.03% ownership of the company. In it's prior filing, the firm reported owning 2,666K shares, representing a decrease of 0.84%. The firm decreased its portfolio allocation in DK by 37.83% over the last quarter.

XOP - SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF holds 2,512K shares representing 3.83% ownership of the company. In it's prior filing, the firm reported owning 3,523K shares, representing a decrease of 40.27%. The firm decreased its portfolio allocation in DK by 17.22% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,155K shares representing 3.29% ownership of the company. In it's prior filing, the firm reported owning 2,146K shares, representing an increase of 0.42%. The firm decreased its portfolio allocation in DK by 21.19% over the last quarter.

Goldman Sachs Group holds 2,019K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 543K shares, representing an increase of 73.10%. The firm increased its portfolio allocation in DK by 201.34% over the last quarter.

Delek US Holdings Background Information
(This description is provided by the company.)

Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing. The refining assets consist of refineries operated in Tylerand Big Spring, Texas, El Dorado, Arkansasand Krotz Springs, Louisianawith a combined nameplate crude throughput capacity of 302,000 barrels per day.

Additional reading:

• Citigroup Energy Inc. 2700 Post Oak Blvd., Suite 400 Houston, Texas 77056-5734
• DK Trading & Supply, LLC 310 Seven Springs Way, Suite 500 Brentwood, TN 37027
• Second Quarter 2023 Earnings Conference Call August 7, 2023 Exhibit 99.2 2 Disclaimers Forward Looking Statements: Delek US Holdings, Inc. (“Delek US”) and Delek Logistics Partners, LP (“Delek Logistics”; and collectively with Delek US, “we” or “our”
• Delek US Holdings Reports Second Quarter 2023 Results and Raises Quarterly Dividend
• Investor Presentation May 2023 Delek Tech 2 Forward Looking Statement Forward Looking Statements: Delek US Holdings, Inc. (“Delek US”) and Delek Logistics Partners, LP (“Delek Logistics”; and collectively with Delek US, “we” or “our”) are traded on t

This story originally appeared on Fintel.