This Oil Dividend Just Got a Raise. Here's What It Means for Shareholders.
Delek Logistics Partners is a consistent dividend raiser, and its pullback on news of a share offering may be an opportunity to get involved.
Overview
On the dividend front, the energy sector certainly isn't suffering from the summertime blues, as a plethora of pipeline stocks have delivered higher payouts in recent weeks.
Count Delek Logistics Partners (NYSE: DKL), which operates in some of the most coveted domestic shale regions, is among the recent dividend boosters. On July 22, this midcap midstream company upped its quarterly distribution by half a cent to $1.135 a share.
Details
That doesn't sound like much, but it's worth noting that the July increase marked the third time this year Delek Logistics raised its dividend and the 54th consecutive quarter in which the pipeline stock has done so.
Source
Originally published at www.fool.com.