BRENTWOOD, Tenn.--(BUSINESS WIRE)--Jun. 20, 2013--
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 on July 9, 2013 will receive
the special cash dividend payable on July 30, 2013.
“We are pleased to announce our second special dividend this year. In
addition to the special dividends, our strong financial position has
allowed us the ability to increase our regular dividend by 50 percent
and repurchase 1.0 million shares during 2013,” remarked Uzi Yemin,
Chairman, President and Chief Executive Officer of Delek US Holdings.
“These steps continue to demonstrate our Board’s commitment to returning
value to our shareholders. We remain well positioned for growth, and
will continue to focus on business performance and leveraging our free
cash flow going forward.”
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. Affiliates of Delek US Holdings, Inc. also own
62.4 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 fuel and merchandise through a network of approximately 373
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; 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; 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.
Keith Johnson, 615-435-1366
President of Investor Relations
Alpha IR Group
Founder & CEO