PBF Logistics LP (NYSE:PBFX) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.30 per share is scheduled to be paid on November 30, 2020. The dividend yield based on the latest trading day closing price was 13.45 percent. Shareholders who purchased PBFX shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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PBF Logistics LP recently reported third quarter financial results on October 29, 2020, before market open, the Parsippany based company reported income for the third quarter of $ 0.58 per share, from the revenue of $ 89.01 million. The quarterly earnings raised 16.00 percent while revenues swell 3.04 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.56 per share from $ 90.85 million in revenue. The bottom line results beat street analysts by $ 0.02 or 3.57 percent, at the same time, top line results fell short of analysts by $ 1.84 million or 2.03 percent.
Stock Performance
Shares of PBF Logistics LP traded up $ 0.13 or 1.48 percent on Wednesday, reaching $ 8.92 with volume of 250.00 thousand shares. PBF Logistics LP has traded high as $ 8.97 and has cracked $ 8.72 on the downward trend
The closing price of $ 8.92, representing a 187.25 % increase from the 52 week low of $ 3.06 and a 59.64 % decrease over the 52 week high of $ 21.78.
The company has a market capital of $ 556.26 million and is part of the Energy sector and Oil & Gas Midstream industry.
PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. It operates through two segments, Transportation and Terminaling; and Storage. The companys assets include Delaware City Refining Company LLC (DCR) rail terminal, a double loop track with ancillary pumping and unloading equipment; the Toledo Truck Terminal, a crude truck unloading terminal; the DCR West Rack, a heavy crude oil rail unloading facility at the Delaware city refinery; the Toledo storage facility, which includes a propane storage and loading facility; the DCR products pipeline, an interstate petroleum products pipeline; the DCR Truck Rack, a truck loading rack; the San Joaquin Valley pipeline system and Paulsboro natural gas pipeline; and Knoxville Terminals, which consists of two refined product terminals located in Knoxville, Tennessee.
