Delek Logistics Partners Declares Q2 2024 Cash Distribution Of $1.09 Per Unit, Annualized At $4.36 Per Unit; Payable On August 16, 2024, To Unitholders Of Record On August 9, 2024
Portfolio Pulse from Benzinga Newsdesk
Delek Logistics Partners has declared a Q2 2024 cash distribution of $1.09 per unit, annualized at $4.36 per unit. The distribution is payable on August 16, 2024, to unitholders of record on August 9, 2024.
July 30, 2024 | 8:49 pm
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POSITIVE IMPACT
Delek US Holdings, the parent company of Delek Logistics Partners, may see indirect benefits from the declared cash distribution of $1.09 per unit by its subsidiary.
As the parent company, Delek US Holdings may benefit from the positive sentiment and financial stability of its subsidiary, Delek Logistics Partners. This could lead to a slight positive impact on DK's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Delek Logistics Partners has announced a Q2 2024 cash distribution of $1.09 per unit, which is annualized at $4.36 per unit. This distribution is payable on August 16, 2024, to unitholders of record on August 9, 2024.
The announcement of a cash distribution is generally positive news for unitholders as it indicates a return on investment. The annualized distribution of $4.36 per unit is a significant yield, which could attract more investors and potentially drive the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100