- Delek US Holdings suspended their dividends back in late 2020 amidst the downturn from the Covid-19 pandemic.
- Thankfully, the tentative signs of a recovery during late 2021 have continued into 2022.
- This saw management clearly state that their dividends are to be reinstated imminently.
- Whilst it remains to be seen whether they are fully reinstated, the cost does not make it unreasonable to expect.
- Since their share price remains noticeably below its level back at the end of 2019, before this severe downturn began, I believe that maintaining my buy rating is appropriate.
For further details see:
Delek US Holdings: Dividends Likely To Be Reinstated Imminently