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Since almost every Master Limited Partnership has reduced their distributions, some by massive percentages, it was very surprising to see Delek Logistics Partners (DKL) still increasing their distributions. Whilst this has only been to a small extent, when combined with their very high distribution yield of over 10%, it stands out in a field of pain for many unitholders and thus poses the question whether they are really as safe and sustainable as this would otherwise indicate.
Executive Summary and Ratings
Since many readers are likely short on time, the table below