Delek logistics partners, lp increases quarterly cash distribution to $0.89 per common limited partner unit

Brentwood, tenn., april 21, 2020 (globe newswire) -- delek logistics partners, lp (nyse: dkl) (“delek logistics”) today declared its quarterly cash distribution for the first quarter 2020 of $0.89 per common limited partner unit, or $3.56 per common limited partner unit on an annualized basis. this distribution represents a 0.6 percent increase from the distribution for the fourth quarter 2019 of $0.885 per common limited partner unit ($3.54 per common limited partner unit annualized) and an 8.5 percent increase over delek logistics’ distribution for the first quarter 2019 of $0.82 per common limited partner unit ($3.28 per common limited partner unit annualized). the first quarter 2020 cash distribution is payable on may 12, 2020 to unitholders of record on may 5, 2020. we are taking this opportunity to reiterate our expectation to raise the distribution 5% this year, over 2019 levels.
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