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Delek Group Ltd., an energy company, engages in the exploration, development, production, and marketing of oil and gas in Israel and internationally. The company operates through three segments: Energy in Israel, Foreign Energy, and Other Operations. It holds interests in the Tamar, Leviathan, and Aphrodite reservoirs in Cyprus; has rights to oil assets in the Gulf of Mexico and Canada, as well as oil and gas reserves in the North Sea off the coast of England; and owns production, treatment, and storage facilities. The company was founded in 1951 and is headquartered in Herzliya, Israel.

Delek Dividend Announcement

• Delek announced a quarterly dividend of $0.09 per ordinary share which will be made payable on 2024-10-02. Ex dividend date: 2024-09-05
• Delek annual dividend for 2024 was $0.27
• Delek annual dividend for 2023 was $0.45
• Delek's trailing twelve-month (TTM) dividend yield is 12.33%
• Delek's payout ratio for the trailing twelve months (TTM) is 72.04%

Delek Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-05$0.09quarterly2024-10-02
2024-06-10$0.09quarterly2024-07-03
2024-04-08$0.09quarterly2024-05-06
2023-12-04$0.10quarterly2024-01-03
2023-09-01$0.07quarterly2023-10-03
2023-06-12$0.08quarterly2023-07-12
2023-03-02$0.19quarterly2023-03-29

Delek Dividend per year

Delek Dividend Yield

Delek current trailing twelve-month (TTM) dividend yield is 12.33%. Interested in purchasing Delek stock? Use our calculator to estimate your expected dividend yield:

Delek Financial Ratios

P/E ratio6.15
PEG ratio0.13
P/B ratio0.78
ROE12.98%
Payout ratio72.04%
Current ratio1.00
Quick ratio0.92
Cash Ratio0.32

Delek Dividend FAQ

Does Delek stock pay dividends?
Delek does not currently pay dividends to its shareholders.
Has Delek ever paid a dividend?
No, Delek has no a history of paying dividends to its shareholders. Delek is not known for its dividend payments.
Why doesn't Delek pay dividends?
There are several potential reasons why Delek would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Delek ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Delek has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Delek a dividend aristocrat?
Delek is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Delek a dividend king?
Delek is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Delek a dividend stock?
No, Delek is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Delek stocks?
To buy Delek you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Delek stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.