DKL Ex-Dividend Reminder - 2/2/24

Looking at the universe of stocks we cover at Dividend Channel, on 2/2/24, Delek Logistics Partners LP (Symbol: DKL) will trade ex-dividend, for its quarterly dividend of $1.055, payable on 2/12/24. As a percentage of DKL's recent stock price of $47.67, this dividend works out to approximately 2.21%, so look for shares of Delek Logistics Partners LP to trade 2.21% lower — all else being equal — when DKL shares open for trading on 2/2/24.

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In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DKL is likely to continue, and whether the current estimated yield of 8.85% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DKL shares, versus its 200 day moving average:

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Looking at the chart above, DKL's low point in its 52 week range is $36.50 per share, with $58.81 as the 52 week high point — that compares with a last trade of $47.67.

In Wednesday trading, Delek Logistics Partners LP shares are currently up about 1.4% on the day.

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