Delek Logistics Partners (DKL) will raise its quarterly distribution by 3.4 percent to $0.75 per unit in the second quarter of 2018. In 2017 DKL hiked tis dividend by a total of 9.2 percent.
The new distribution will be paid to unitholders in May 2018.The new distribution yield for DKL is 8.8%. 2018 marks the 5th year of higher annual distributions by the MLP.
Delek Logistics Partners, LP, headquartered in Brentwood, Tennessee, is a growth-oriented master limited partnership formed by Delek US Holdings, Inc. (DK) to own, operate, acquire and construct crude oil and refined products logistics and marketing assets.