Delek Logistics Partners: Double-Digit Dividend With A Strong Sponsor
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}(window));Seeking AlphaDividend Ideas | Basic MaterialsDelek Logistics Partners: Double-Digit Dividend With A Strong SponsorFeb. 11, 2020 8:41 PM ET|| About: Delek Logistics Partners, LP (DKL), Includes: DKby: The Value PortfolioThe Value Portfolio Growth, long-term horizon, Deep Value, momentumMarketplaceThe Energy ForumSummaryDelek Logistics Partners has a double-digit dividend with a 1.11x dividend coverage ratio and a strong sponsor.
The company has significant growth potential, with the chance for further dropdowns. The company's $254 million revolver will support this.
There are some risks worth looking at, but the company's history stands for itself and this company is a solid investment.
Delek Logistics Partners (NYSE: DKL) is a three-quarters of a billion midstream company with assets focused in the United States. The company, headquartered in Tennessee, is the midstream arm of Delek US Holdings (NYSE: DK). As we’ll see... Read more
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