By Sabela Ojea
Delek Logistics Partners boosted its quarterly dividend by 0.5%.
The board of directors approved an increase in the cash distribution to $1.105 from $1.10, the company said Friday.
The new payout, equal to $4.42 a share annually, represents a yield of 10%, based on the company's latest closing price of $44.19.
The quarterly cash distribution will be paid on Feb. 11 to unitholders of record on Feb. 4.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 24, 2025 18:38 ET (23:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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