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Looking for survivors in the high-yield midstream space? Unlike many other high-dividend stocks which have cut their dividends, Delek Logistics Partners LP (DKL) has continued to increase its payouts in 2020.
This week, DKL's parent/general partner DKL Us (DK) announced an agreement for the dropdown of trucking assets to Delek Logistics for $48 million in cash. The transaction is effective May 1, 2020, and is expected to be immediately accretive to Delek Logistics' distributable cash flow per unit.
"These assets and services are projected to generate incremental annual earnings before interest,