Looking at Delek Logistics' dividend pipeline

The executives running newly public Delek Logistics Partners have declared the company's first quarterly dividend, which is prorated based on its early-November IPO date. Chairman and CEO Uzi Yemin also says he expects to lift that payout rate slightly starting this quarter. Look for a 38.5-cent dividend every three months, which would give Delek Logistics (Ticker: DKL) a yield of more than 6 percent based on this morning's opening price of $25.60.