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

Delek US Holdings, Inc. (NYSE:DK) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.255 per share by the oil and gas company on Monday, March 10th. This represents a $1.02 annualized dividend and a dividend yield of 5.71%.

Delek US has a payout ratio of -67.1% meaning 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

DK traded down $0.39 during trading on Tuesday, reaching $17.87. 1,983,156 shares of the company were exchanged, compared to its average volume of 1,130,676. Delek US has a 52 week low of $15.36 and a 52 week high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The firm has a 50 day moving average of $18.26 and a 200 day moving average of $18.77. The stock has a market cap of $1.13 billion, a P/E ratio of -3.68 and a beta of 1.20.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DK shares. JPMorgan Chase & Co. upped their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Mizuho dropped their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company cut their price target on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, December 9th. Finally, Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Delek US presently has an average rating of “Hold” and an average price target of $21.00.

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.