BRENTWOOD, Tenn.--(BUSINESS WIRE)--Jun. 26, 2012--
Delek US Holdings, Inc. (NYSE: DK), an integrated energy company with
assets in the petroleum refining, marketing, supply and retail
industries, today announced that its Board of Directors voted to declare
a special cash dividend of $0.10 per share.
Shareholders of record on July 17, 2012 will receive the special cash
dividend payable on July 31, 2012.
“The strategic location of our refineries and our focused initiatives
continue to position Delek US for success and drive strong free cash
flow,” remarked Uzi Yemin, President and Chief Executive Officer of
Delek US Holdings. “As a result, our Board has declared the company's
third special cash dividend in the past 14 months. These special cash
dividends, in combination with our regular quarterly cash dividend,
remain a clear indication of our long-standing commitment to returning
value to our shareholders.”
About Delek US Holdings
Delek US Holdings, Inc. is an integrated downstream energy company
focused on petroleum refining, the wholesale distribution of refined
products 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. The
marketing and supply segment markets refined products through a series
of owned and third-party product terminals and pipelines. The retail
segment supplies fuels and merchandise through a network of
approximately 375 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 our current estimates, expectations
and projections about our 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: management's ability to execute its
strategy through acquisitions and transactional risks in acquisitions;
risks and uncertainties with the respect to the quantities and costs of
crude oil, the costs to acquire feedstocks and the price of the refined
petroleum products we ultimately sell; our competitive position and the
effects of competition; the projected growth of the industry in which we
operate; changes in the scope, costs, and/or timing of capital projects;
losses from derivative instruments; 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.
Source: Delek US Holdings, Inc.
Delek US Holdings, Inc.
Assi Ginzburg, 615-224-1158
Alpha IR Group
Founder & CEO