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

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) declared a quarterly dividend on Tuesday, February 18th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date of this dividend is Monday, March 3rd.

Delek US has a dividend 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. 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

NYSE:DK traded down $0.13 during trading hours on Thursday, reaching $17.58. 403,860 shares of the company's stock were exchanged, compared to its average volume of 1,105,115. Delek US has a 1-year low of $15.36 and a 1-year high of $33.60. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -3.61 and a beta of 1.20. The company has a 50-day moving average of $18.24 and a 200 day moving average of $18.73.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, December 9th. JPMorgan Chase & Co. upped their target price on shares of Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Finally, Mizuho reduced their target price on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, December 16th. 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 MarketBeat, the company currently has an average rating of "Hold" and an average price target of $21.00.

Delek US Company Profile

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.