PBF Logistics (PBFX) Declares $0.45 Quarterly Dividend; 9.1% Yield
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PBF Logistics Increases Quarterly Cash Distribution to $0.45 per Unit and Announces Fourth Quarter Earnings Results
February 16, 2017 6:30 AM ESTPARSIPPANY, N.J., Feb. 16, 2017 /PRNewswire/ --Â PBF Logistics LP (NYSE: PBFX, the "Partnership") announced today fourth quarter 2016 net income attributable to the partnership of $24.7 million, or $0.57 per limited partner unit. During the fourth quarter, the Partnership generated earnings before interest, income taxes, depreciation, and amortization (EBITDA) of $36.4 million and distributable cash flow of $27.9 million. For the year-ended December 31, 2016, the Partnership reported net income of $81.0 million, or $2.01 per limited partner unit, and $121.9 million of EBITDA.
As of December 31, 2016, the Partnership had liquidity of $231.4 million, including $64.2 million... More
