Delek US Holdings Declares Special Cash Dividend
BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Delek US Holdings, Inc. (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.
Delek US Holdings, Inc.
Assi Ginzburg, 615-224-1158
Executive Vice President
Alpha IR Group
Chris Hodges, 312-589-3505
Founder & CEO
Source: Delek US Holdings, Inc.Copyright Business Wire 2012