Delek Logistics: Distributions Seem Well Covered
DKLDelek Logistics(DKL) Seeking Alpha·2024-06-07 19:21

imaginima Investment Thesis Investors may not have enjoyed the relatively flat share price of Delek Logistics (NYSE:DKL) for the past few months, but certainly may be pleased about the steady distributions the company provides. As recent as April of 2024, the company raised its distribution to $1.07 a quarter, which makes the dividend yield roughly around 10% today. My take is that while the share price may be flat for the foreseeable future, the steady distribution is reliable and well covered by cash flow ...