Delek US Holdings, Inc. (NYSE: DK) 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 October 9, 2014 will
receive the special cash dividend payable on October 30, 2014.
Uzi Yemin, Chairman, President and Chief Executive Officer of Delek US
Holdings, said, “This decision by our Board continues to illustrate its
commitment to return value to our shareholders and this is our eleventh
consecutive quarter to declare a special dividend since the beginning of
2012. We remain focused on using our financial flexibility to grow our
business, while returning cash to shareholders through dividends and
share repurchases.”
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: gains and losses from derivative
instruments; 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; operating hazards inherent in
transporting, storing and processing crude oil and intermediate and
finished petroleum products; 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; 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 2014