Delek Logistics Partners LP increases dividend to $1.10/share, but analysts project insufficient earnings coverage for 2022.

Delek Logistics Partners LP (DKL) declared a dividend of $1.10 per share, up from $0.73, for shareholders as of November 8. The company has a high payout ratio of 108.2%, indicating reliance on its balance sheet for payments. Analysts project earnings of $4.25 per share next year, potentially insufficient to cover the $4.36 annual dividend. DKL's market cap is $1.82 billion, with a current stock price of $38.46.

October 30, 2024
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