Delek US Holdings, Inc. (NYSE:DK), a diversified energy company with
assets in the petroleum refining, logistics and retail industries, today
announced that its Board of Directors declared a special cash dividend
of $0.10 per share. Shareholders of record at the close of business on
January 7, 2014 will receive the special cash dividend payable on
January 28, 2014.
“We are pleased to announce our fourth special dividend this year, which
signifies our Board’s commitment to returning value to our
shareholders,” remarked Uzi Yemin, Chairman, President and Chief
Executive Officer of Delek US Holdings. “Throughout 2013, the strength
of our financial position has given us the flexibility to invest in our
business, raise our regular dividend, pay special dividends and
repurchase shares. We remain focused on continuing to grow our
business, while maintaining our commitment to return value to our
shareholders.”
About Delek US Holdings
Delek US Holdings, Inc. is a diversified downstream energy company with
assets in petroleum refining, logistics and convenience store retailing.
The refining segment consists of refineries operated in Tyler, Texas and
El Dorado, Arkansas with a combined nameplate production capacity of
140,000 barrels per day. Delek US Holdings, Inc. and its affiliates also
own approximately 62 percent (including the 2 percent general partner
interest) of Delek Logistics Partners, LP. Delek Logistics Partners, LP
(NYSE: DKL) is a growth-oriented master limited partnership focused on
owning and operating midstream energy infrastructure assets. The retail
segment markets motor fuel and convenience merchandise through a network
of approximately 362 company-operated convenience store locations
operated under the MAPCO Express®, MAPCO Mart®, East Coast®, Fast Food
and Fuel™, Favorite Markets®, Delta Express® and Discount Food Mart™
brand names.
Safe Harbor Provisions Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based
upon current expectations and involve a number of risks and
uncertainties. Statements concerning current estimates, expectations and
projections about future results, performance, prospects and
opportunities and other statements, concerns, or matters that are not
historical facts are “forward-looking statements,” as that term is
defined under the federal securities laws.
Investors are cautioned that the following important factors, among
others, may affect these forward-looking statements. These factors
include but are not limited to: risks and uncertainties with respect to
the quantities and costs of crude oil we are able to obtain and the
price of the refined petroleum products we ultimately sell; losses from
derivative instruments; management's ability to execute its strategy of
growth through acquisitions and the transactional risks associated with
acquisitions; our competitive position and the effects of competition;
the projected growth of the industries in which we operate; changes in
the scope, costs, and/or timing of capital and maintenance projects;
general economic and business conditions, particularly levels of
spending relating to travel and tourism or conditions affecting the
southeastern United States; potential conflicts of interest between our
majority stockholder and other stockholders; and other risks contained
in our filings with the United States Securities and Exchange Commission.
Forward-looking statements should not be read as a guarantee of future
performance or results and will not be accurate indications of the times
at, or by which such performance or results will be achieved.
Forward-looking information is based on information available at the
time and/or management's good faith belief with respect to future
events, and is subject to risks and uncertainties that could cause
actual performance or results to differ materially from those expressed
in the statements. Delek US undertakes no obligation to update or revise
any such forward-looking statements.
Copyright Business Wire 2013