Midstream News & Analysis
2 articles
Market Mood
Delek Logistics (DKL) Raises Dividend to $1.135 Amid Share Offering
Delek Logistics Partners (NYSE: DKL) raised its quarterly dividend by $0.005 to $1.135 per share on July 22, marking its third increase this year and the 54th consecutive quarter of dividend boosts. The company announced a 4 million-share offering at $50 per share, which is lower than its closing price of $60 on August 12, causing a nearly 13% drop in stock price on August 13. This brings Delek's dividend yield to 7.7%, attractive considering its annual payout of $4.54 per share. The increase in dividends indicates a strong commitment to returning value to shareholders despite the dilution from the share offering, which affects roughly $200 million of its $2.8 billion market cap.
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ONEOK (OKE) SWOT Analysis Highlights Growth Versus Visibility Debate
ONEOK (OKE) is experiencing a debate around its growth potential versus visibility in the midstream sector. Factors contributing to this discussion include market conditions and regulatory impacts facing the company. Proponents point to potential growth from ongoing projects, while critics express concerns about financial stability in changing market conditions. The outcome of this debate could significantly impact market perception and investment strategies related to OKE.
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