PBF Energy Increases Quarterly Dividend to $0.325 per Share
PBF Energy (PBF) has announced an 18.2% increase in its quarterly dividend, raising the payout from $0.275 to $0.325 per share. This move follows a strong earnings performance where the company reported Non-GAAP EPS of $12.78, beating analyst expectations by $1.67, and revenue of $12.13 billion, which exceeded estimates by $1.35 billion. The dividend is scheduled to be payable on November 24, with a record date and ex-dividend date set for November 12. The increase reflects the company's robust financial position despite market volatility in the refining sector.
Tickers: $PBF
Topics: dividends earnings refining margins