Master limited partnership

Delek Logistics Partners, LP (DKL)

Delek Logistics Partners, LP trades as DKL on NYSE. This page collects what it has actually paid — every recorded payment, the calendar-year totals, the forward and trailing 12-month yields side by side against the last price, and the dates already declared.

$53.66 $-0.22 (-0.41%)
52-week range $42.35 – $61.50
Master limited partnership NYSEEnergyOil & Gas Midstream

Price as of Aug 25, 2026 (9 hours ago) · supplied by fmp. Quotes may be delayed. Verify with your broker before acting on anything here.

Forward yield 8.46% Last regular payment annualised, divided by the last price. An estimate of the next twelve months — not money that has been paid.
Trailing 12-month yield 8.40% Cash actually paid per share over the last 365 days ($4.51) divided by the last price. Backward-looking, and not comparable with a bond's yield to maturity or an index yield.
Forward annual payment $4.54 Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid.
Pays Quarterly Cadence of the regular payment, accepted only after three consecutive payments were reported at the same frequency.
Next ex-date First day the shares trade without the next payment attached.
Next pay date When the declared payment reaches holders.
Growth streak 13+ yr At least 13 consecutive complete years in which the highest regular payment was above the year before. Our stored payment history for this security begins in 2012. The run reaches that first stored year, so this is a floor and the issuer's own record may be longer.
Years paying 14 Complete calendar years with a payment in our stored history, which begins in 2012. The issuer may have paid for longer than we hold.
Payout ratio 156% Not meaningful for this structure — GAAP earnings do not describe what it pays out.
Income score 71 0-100 research screen, not a recommendation.

The two yields above are different measurements and are not interchangeable. The forward yield annualises the last regular payment; the trailing 12-month yield counts the cash actually paid over the last 365 days. Neither is an interest rate, a bond's yield to maturity or an index effective yield, and none of those may be compared with these as like for like. See how we compute these numbers.

The growth streak above is a floor, not a full record. Our stored payment history for DKL begins in 2012, and the run of increases reaches that first stored year, so the honest statement is that the payment rose in at least 13 consecutive complete years — the issuer's own record may be longer, and the issuer's published payment history is the authority on it.

The plus sign on the growth streak means our own payment record starts before the run of increases does, so the count is a floor rather than a total: the payment rose in at least that many consecutive complete years, and possibly in more that happened before our history begins. It is not the issuer's official record, and a longer streak published elsewhere is not a contradiction of it.

A yield is just a payment divided by a price, so it moves every day even when the payment does not. The forward number is an estimate of the next twelve months; the trailing number is what was actually paid over the last twelve. Ex-date is the cut-off: own the shares before it and the next payment is yours, buy on or after it and the seller keeps it.

What DKL is

How MLPs work →

Delek Logistics Partners, LP (DKL) manages and operates a diverse portfolio of logistics and marketing assets for crude oil, intermediate, and refined petroleum products throughout the United States. The company's operations are structured into three primary segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investments in Pipeline Joint Ventures. The Pipelines and Transportation division encompasses a comprehensive network of pipelines, trucking fleets, and supporting facilities. It provides essential services such as crude oil gathering, the movement of crude, intermediate, and refined products, and storage solutions. These services primarily bolster the operations of the Tyler, El Dorado, and Big Spring refineries, while also extending transport capabilities for crude and other products to external clients. This segment includes approximately 400 miles of crude oil transportation pipelines and 450 miles of refined product pipelines. Additionally, it operates roughly 900 miles dedicated to crude oil gathering, alongside storage tanks for intermediate and refined products, boasting a combined active shell capacity of around 10.2 million barrels. Through its Wholesale Marketing and Terminalling segment, the company delivers bulk marketing, transport, storage, and terminalling services exclusively for refined petroleum products to independent third-party customers. The Investments in Pipeline Joint Ventures segment involves equity stakes in three collaborative ventures. These partnerships have developed distinct crude oil pipeline systems and associated infrastructure, which cater to both external parties and Delek's own subsidiaries. Delek Logistics GP, LLC acts as the general partner for the firm. Established in 2012, Delek Logistics Partners, LP is headquartered in Brentwood, Tennessee, and operates as a subsidiary of Delek US Holdings, Inc.

Company description supplied by the issuer and relayed by our market-data provider, not written by Income Investing. See data sources.

DKL is a master limited partnership. You hold units, not shares, and you are a limited partner rather than a shareholder. The partnership pays no entity-level tax; it passes income and deductions through to unitholders, who receive a Schedule K-1 each year instead of a 1099.

A large part of a typical MLP distribution is treated as return of capital that lowers your cost basis and is recaptured when you sell. K-1s arrive late, can require state filings, and units held inside a retirement account can generate unrelated business taxable income. Read how MLPs work.

Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.

Payment history

Each row is one payment as recorded by our data provider, newest first. The final column compares it with the nearest payment about a year earlier.

The table lists the 24 most recent recorded distributions for DKL, newest first, with ex-dates running from Nov 05, 2020 to Aug 03, 2026. The latest is $1.14 per share in USD, ex-date Aug 03, 2026, pay date Aug 10, 2026. Measured against the nearest payment about a year earlier, 24 are higher, 0 lower and 0 unchanged; the remaining 0 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.

How to read this table: one row is one payment, newest at the top, and the amount is what a single share received on that one date. It is not an annual figure — the yearly ones are in the tiles above and in the totals further down. A row marked Special is a one-off the issuer chose to make rather than part of the regular schedule, which is why it is left out of the year-on-year comparison and out of those yearly totals. Whether the amount repeats for several rows or moves every time is a fact about the structure rather than a sign of health: a company usually resets its dividend once a year, while a fund's distribution can change with every payment.

Recorded payments for DKL. Amounts are per share as declared, in USD.
Ex-dateOwn it before this day and this payment is yours. Pay date Amount per shareWhat one share received on that date, before tax. Cadence tagged by provider Type vs. a year earlier
Aug 03, 2026 Aug 10, 2026 $1.1350 Quarterly Regular +1.79%
May 04, 2026 May 11, 2026 $1.1300 Quarterly Regular +1.80%
Feb 05, 2026 Feb 12, 2026 $1.1250 Quarterly Regular +1.81%
Nov 07, 2025 Nov 13, 2025 $1.1200 Quarterly Regular +1.82%
Aug 08, 2025 Aug 14, 2025 $1.1150 Quarterly Regular +2.29%
May 08, 2025 May 15, 2025 $1.1100 Quarterly Regular +3.74%
Feb 04, 2025 Feb 11, 2025 $1.1050 Quarterly Regular +4.74%
Nov 08, 2024 Nov 14, 2024 $1.1000 Quarterly Regular +5.26%
Aug 09, 2024 Aug 14, 2024 $1.0900 Quarterly Regular +5.31%
May 07, 2024 May 15, 2024 $1.0700 Quarterly Regular +4.39%
Feb 02, 2024 Feb 12, 2024 $1.0550 Quarterly Regular +3.43%
Nov 03, 2023 Nov 13, 2023 $1.0450 Quarterly Regular +5.56%
Aug 04, 2023 Aug 14, 2023 $1.0350 Quarterly Regular +5.08%
May 05, 2023 May 15, 2023 $1.0250 Quarterly Regular +4.59%
Feb 01, 2023 Feb 09, 2023 $1.0200 Quarterly Regular +4.62%
Nov 03, 2022 Nov 10, 2022 $0.9900 Quarterly Regular +4.21%
Aug 03, 2022 Aug 11, 2022 $0.9850 Quarterly Regular +4.79%
May 04, 2022 May 12, 2022 $0.9800 Quarterly Regular +6.52%
Jan 31, 2022 Feb 08, 2022 $0.9750 Quarterly Regular +7.14%
Nov 04, 2021 Nov 10, 2021 $0.9500 Quarterly Regular +4.97%
Aug 04, 2021 Aug 11, 2021 $0.9400 Quarterly Regular +4.44%
May 07, 2021 May 14, 2021 $0.9200 Quarterly Regular +3.37%
Feb 01, 2021 Feb 09, 2021 $0.9100 Quarterly Regular +2.82%
Nov 05, 2020 Nov 12, 2020 $0.9050 Quarterly Regular +2.84%

The cadence column is the tag our provider attached to that individual payment (fmp), not the security's established schedule. The two can disagree, which is why the cadence shown in the tiles above is only accepted after three consecutive payments were tagged the same way.

A blank comparison means there was no comparable payment within sixty days of the same point a year earlier — a new payer, a changed cadence, or a gap in the record. Special and one-off payments are labelled and are excluded from the comparison.

Distributions by calendar year

Calendar-year totals, bucketed by ex-dividend date: every regular distribution whose ex-dividend date fell in that year, for the last ten complete years on record. These are amounts actually paid, never a forward estimate, and they are not the issuer's own annual distribution figure.

The chart covers 10 complete calendar years for DKL, 2016 to 2025, per share, in USD. Each bar totals the regular distributions with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own distribution year. Our stored payment history for DKL begins in 2012. The total went from $2.48 in 2016 to $4.45 in 2025 — 79% higher. Within that span 10 years were higher than the year before and 0 lower. The three most recent years shown are 2023 $4.12, 2024 $4.32 and 2025 $4.45. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. Every year shown holds the 4 distributions a quarterly cadence implies, so no year on this chart is short or long because a payment shifted across a year end.

Each bar, and each row underneath it, is one calendar year of regular payments added together for a single share. Read left to right and you are reading whether the payment has grown, held or been cut — a record of what was paid, never a forecast of what will be. One thing to watch for: a year here is decided by the date the payment went ex, so when that date slips across a year end one year holds an extra payment and its neighbour is one short while the payment itself never moved. Any year where that has happened is drawn as a dashed bar and marked with an asterisk, and it is the usual reason these totals differ from the annual figure the issuer itself publishes.

2016: $2.4850 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.48 2016 2017: $2.7900 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.79 2017 2018: $3.0350 per share from 4 payments, matching the 4 a year the recorded cadence implies. 3.04 2018 2019: $3.3600 per share from 4 payments, matching the 4 a year the recorded cadence implies. 3.36 2019 2020: $3.5800 per share from 4 payments, matching the 4 a year the recorded cadence implies. 3.58 2020 2021: $3.7200 per share from 4 payments, matching the 4 a year the recorded cadence implies. 3.72 2021 2022: $3.9300 per share from 4 payments, matching the 4 a year the recorded cadence implies. 3.93 2022 2023: $4.1250 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.12 2023 2024: $4.3150 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.32 2024 2025: $4.4500 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.45 2025
Bar height is the total per share of the regular distributions whose ex-dividend date fell in that calendar year, in USD. The year is assigned by ex-dividend date, not by the issuer's own distribution year and not by the date the cash arrived. These are a trailing record — never the forward estimate shown in the tiles above.
Complete calendar years only, bucketed by ex-dividend date — the current year is still in progress and is left out.
Year Paid per share that yearEvery regular payment dated in that year, added up, for one share. Payments in the yearA count that differs from the usual one means a payment moved across a year end. Change on the year before
2016 $2.48 4 +15.05%
2017 $2.79 4 +12.27%
2018 $3.04 4 +8.78%
2019 $3.36 4 +10.71%
2020 $3.58 4 +6.55%
2021 $3.72 4 +3.91%
2022 $3.93 4 +5.65%
2023 $4.12 4 +4.96%
2024 $4.32 4 +4.61%
2025 $4.45 4 +3.13%
What can go wrong
MLP distributions are partnership cash flow, not dividends. Most of the payment is typically treated as return of capital that lowers your cost basis and is recaptured as income when you sell, holders receive a Schedule K-1 instead of a 1099, state filings can be required where the partnership operates, and units held in a retirement account can generate unrelated business taxable income. Distribution coverage depends on commodity volumes, contract terms and the partnership's own access to capital.

Similar securities

The eight closest master limited partnership entries by trailing 12-month yield, in the same sector. A research screen, not a recommendation.

Open Markets →

These are not the best-paying securities of this kind, and no ranking is meant by the order. They are the ones whose trailing 12-month yield sits nearest to this one, in the same structure and usually the same sector, so that this security can be seen in company rather than on its own. Every figure here is backward-looking cash that has already been paid. A row that sits well away from the rest is a question to take to that security's own page, not an answer.

Ticker Name Price Trailing 12m yieldCash paid out over the last year, over today's price. Paid over 12 months Pays
HESM Hess Midstream LP $39.08 7.90% $3.09 Quarterly
USAC USA Compression Partners, LP $26.76 7.85% $2.10 Quarterly
CAPL CrossAmerica Partners LP $23.00 9.13% $2.10 Quarterly
WES Western Midstream Partners, LP $47.94 7.68% $3.68 Quarterly
MPLX MPLX Lp $58.36 7.38% $4.31 Quarterly
SPH Suburban Propane Partners, L.P. $17.63 7.37% $1.30 Quarterly
PAA Plains All American Pipeline, L.P. $24.70 6.61% $1.63 Quarterly
ET Energy Transfer LP $21.02 6.40% $1.34 Quarterly

Every row in this table is on the same basis — cash actually paid per share over the last 365 days, divided by that security's last price — so the column can be read down. Forward estimates are deliberately not used here, because they exist for some securities and not others and a mixed column would invite a comparison that does not hold. A dash means no payment was recorded in the last 365 days, or no price is on file. Open a security to see both of its yields.

Questions about DKL

Does DKL pay a distribution, and how often?
Yes. The regular payment cadence recorded for DKL is quarterly. The annual figure works out at $4.54 per share. Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid. The last ex-date in our history is Aug 03, 2026.
What is the yield on DKL, and is it forward or trailing?
There are two, and they measure different things. The forward yield is 8.46%: the last regular payment annualised to $4.54 a year and divided by the last price of $53.66. That is an estimate of the next twelve months. The trailing 12-month yield is 8.40%: the $4.51 per share actually paid over the last 365 days, divided by the same price. Neither number is a bond's yield to maturity, an index effective yield or an interest rate, and none of those should be compared with these as like for like. Yield also moves inversely with price, so it rises when the market marks the security down — a high number is a question, not an answer.
When is the next DKL ex-dividend date?
No future ex-date has been declared or collected for DKL yet. The last one on record was Aug 03, 2026.
Why is there no meaningful payout ratio for DKL?
A payout ratio compares a dividend to accounting earnings. For a master limited partnership the payment is not funded out of GAAP net income — REITs and BDCs pay out of taxable income under distribution rules, funds pass through whatever the portfolio produced, and partnerships distribute cash flow. Analysts use structure-specific measures instead, such as funds from operations for REITs or net investment income for BDCs.
Is the DKL distribution the same as interest?
No. A distribution is whatever the vehicle chooses or is required to pass through in that period. It can contain dividends, interest, realised gains, option premium and return of capital, and only the year-end tax form shows the split. Return of capital is your own money coming back: it is not taxed on receipt, but it lowers your cost basis and therefore raises the gain you are taxed on later.
Has the DKL payment grown?
Over the complete calendar years in our history, the total went from $2.48 in 2016 to $4.45 in 2025. The recorded run of increases is at least 13 consecutive complete years: it reaches 2012, the first year of payments we hold, so it is a floor and DKL's own record may be longer. The chart on this page shows every year in between, including any cuts. Those totals bucket each payment by its ex-dividend date, so a year can hold more or fewer payments than the cadence implies when a payment shifts across a year end. Past payment history describes what happened, not what will happen.
How to read this page
Nothing on this page is investment advice or a recommendation to buy, hold or sell DKL. Figures are drawn from third-party market data and our own calculations, may be delayed or wrong, and can change without notice. Confirm every number with the issuer and with your own broker, tax adviser and financial adviser before acting.

View
Theme