Delek US Stock To Go Ex-dividend Tomorrow (DK)

NEW YORK ( TheStreet) -- The ex-dividend date for Delek US Holdings (NYSE: DK) is tomorrow, February 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $13.70 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Delek US has been 375,200 shares per day over the past 30 days. Delek US has a market cap of $758.9 million and is part of the basic materials sector and energy industry. Shares are up 20.3% year to date as of the close of trading on Wednesday.

Delek US Holdings, Inc. engages in refining, wholesaling, and marketing petroleum products in the United States. The company operates through three segments: Refining, Marketing, and Retail. The company has a P/E ratio of 8.6, above the average energy industry P/E ratio of 8.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Delek US as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Delek US Ratings Report.

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