BRENTWOOD, Tenn., June 21,
2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE:
DK) ("Delek US") today announced that the board of directors
declared a special dividend of $0.20
per share. The dividend is payable on July
20, 2022 to shareholders of record on July 12, 2022.
This special dividend is indicative of a robust macro
environment for refining and complements the $64 million share repurchase, at $18.30 per share, from the Icahn Group on
March 7, 2022, which represented
approximately 5% of the shares outstanding at that time. Return of
cash to shareholders remains a priority for the company along with
maintaining a strong and flexible balance sheet. The board will
assess the potential for instituting a sustained dividend payment
in connection with the second quarter earnings results which are
scheduled to be announced in early August.
About Delek US Holdings, Inc.
Delek US Holdings, Inc.
is a diversified downstream energy company with assets in petroleum
refining, logistics, asphalt, renewable fuels and convenience store
retailing. The refining assets consist of refineries operated
in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined
nameplate crude throughput capacity of 302,000 barrels per day.
The logistics operations consist of Delek Logistics. Delek US
and its affiliates also own the general partner and an approximate
80 percent limited partner interest in Delek Logistics. Delek
Logistics is a growth-oriented master limited partnership focused
on owning and operating midstream energy infrastructure assets.
The convenience store retail business operates approximately 250
convenience stores in central and west Texas and New
Mexico.
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SOURCE Delek US Holdings, Inc.