Delek US Holdings raises quarterly dividend to 10c/share Delek US announced that its Board of Directors declared a regular quarterly dividend of 10c per share. This is an increase from the previous regular quarterly dividend of 3.75c per share. Shareholders of record on Nov. 27 will receive this cash dividend payable on Dec. 18.
Delek US downgraded to Underperform from Neutral at BofA/Merrill BofA/Merrill downgraded Delek US to Underperform to reflect optimistic crude spreads in the Midland basin and upcoming pipeline capacity additions. Price target lowered to $24 from $35.