Delek Logistics Partners, LP
DKLEnergy · Stock · quarterly payer
Forward Yield
8.13%
Annual Dividend
$4.51
Payout Ratio
155%
5-Yr Growth
4.4%
Ex-Date
Aug 3, 2026
Frequency
Quarterly
Summary
As of September 2026, Delek Logistics Partners, LP (DKL) yields 8.13% ($4.51 per share annually), with a blended fair-value estimate of $83.51 — +52% upside, so it screens as undervalued. Dividend safety grade: B (79/100). 12 years of dividend growth.
Is DKL a good dividend stock?
YesDelek Logistics Partners, LP (DKL) pays a quarterly dividend yielding 8.13% ($4.51/yr), with 12 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 12 consecutive years of dividend growth
- Never cut its dividend on record
Risks
- Elevated payout ratio (155%)
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 8.13%
- Payout Ratio
- 155%
- Annual Dividend
- $4.51
- 5-Yr Avg Growth
- 4.4%
- Ex-Dividend Date
- Aug 3, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 0.42
- Market Cap
- $3.2B
- P/E Ratio
- 19.2
- 5-Yr Total Return
- 21%
- 52-Week Range
- $42.35 – $61.50
- Dividend Safety
- B · 79/100
- Ever Cut?
- No
Frequently Asked Questions
DKL Price — Last 12 Months
Daily close
Price Return
1 Year
+20%
3 Years
+31%
5 Years
+21%
52-Week Range
$42.35 – $61.50
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DKL worth?
Undervaluedlow confidenceOur blended fair-value estimate for Delek Logistics Partners, LP is $83.51 per share, versus a market price of $54.79. That implies 52% of upside — a margin of safety of about 34%.
Fair Value
$83.51
Current Price
$54.79
Upside
+52%
Margin of Safety
34%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 20.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $2.88 EPS, $4.51 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DKL Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 3, 2026 | — | $1.1350 | regular |
| May 4, 2026 | — | $1.1300 | regular |
| Feb 5, 2026 | — | $1.1250 | regular |
| Nov 7, 2025 | — | $1.1200 | regular |
| Aug 8, 2025 | — | $1.1150 | regular |
| May 8, 2025 | — | $1.1100 | regular |
| Feb 4, 2025 | — | $1.1050 | regular |
| Nov 8, 2024 | — | $1.1000 | regular |
| Aug 9, 2024 | — | $1.0900 | regular |
| May 7, 2024 | — | $1.0700 | regular |
| Feb 2, 2024 | — | $1.0550 | regular |
| Nov 3, 2023 | — | $1.0450 | regular |
| Aug 4, 2023 | — | $1.0350 | regular |
| May 5, 2023 | — | $1.0250 | regular |
Income Calculator
At $4.51 / yr per share
