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Stock Market & Financial Investment News

News Breaks
December 18, 2012
05:40 EDTDKLDelek Logistics initiated with an Outperform at Wells Fargo
Price target range $25-$28.
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May 7, 2013
19:54 EDTDKLDelek Logistics increases quarterly distribution 2.7%
Delek Logistics declared a regular cash distribution of approximately $9.4M, or 38.5c per unit payable on May 15, which equates to $1.54 per unit on an annualized basis. This will be the first full quarter distribution for Delek Logistics unitholders and represents a 2.7% increase from Delek Logistics' minimum quarterly distribution of 37.5c per unit, or $1.50 per unit on an annualized basis. Management of the general partner of Delek Logistics intends to recommend to its board that the quarterly distribution increase to 39.5c per unit for the quarter ending June 30. If approved, this would represent a 5.3% increase from the partnership's minimum quarterly distribution of 37.5c per unit and a 2.6% increase from the most recently declared distribution of 38.5c per unit.
19:52 EDTDKLDelek Logistics reports Q1 EPS 50c, consensus 38c
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