Delek Logistics Partners (DKL) hikes dividend by 0.4%
Delek Logistics Partners (DKL) announced a 0.4% increase in its quarterly distribution from $1.135 to $1.14 per unit on October 23, 2026. This marks the partnership's fourth distribution hike of 2026, bringing total growth this year to 1.8% and extending its annual dividend growth record to 13 consecutive years.
The latest quarterly distribution brings Delek Logistics Partners' annualized payout to $4.56 per unit. As of October 26, 2026, DKL traded at $57.49, representing a distribution yield of approximately 7.9%. The ex-dividend date is November 3, 2026, with payment scheduled for November 10, 2026.
Delek Logistics Partners Dividend Growth History
Delek Logistics Partners has increased its annual distribution for 13 consecutive years, beginning in 2013. Its five-year dividend compound annual growth rate (CAGR) stands at 3.7%, compared with 5.7% over ten years.
Delek Logistics Partners has now announced four quarterly distribution increases in 2026, resulting in cumulative annual growth of 1.8%. This matches the 1.8% increase recorded in 2025, but represents a slower pace than the 5.3% increase in 2024 and 5.6% in 2023.
The latest increase of approximately 0.4% adds $0.005 to the quarterly distribution, taking the payout to a new rate of $1.14 per unit. Among the seven years shown in the chart, the largest annual increase was 5.6% in 2023, followed by 5.3% in 2024.
DKL Distribution Yield and Share Performance
As of October 26, 2026, Delek Logistics Partners units had gained 36.8% year-to-date, with a unit price of $57.49 and a market capitalization of approximately $3.3 billion.
Based on the new annualized distribution of $4.56 per unit, DKL's distribution yield stands at approximately 7.9%. The partnership's current annualized payout is slightly higher than the previous annualized rate of $4.54 per unit.
Delek Logistics Partners is a publicly traded energy infrastructure partnership operating primarily in the United States. Its activities include crude oil and refined products pipelines, gathering systems, storage facilities and other logistics assets serving the energy industry.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.