PBF Energy (PBF) Declares $0.30 Quarterly Dividend; 4.2% Yield
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PBF Energy Reports Fourth Quarter and Full Year 2015 Results, Declares Dividend of $0.30 Per Share
February 11, 2016 6:32 AM ESTPARSIPPANY, N.J., Feb. 11, 2016 /PRNewswire/ --Â PBF Energy Inc. (NYSE: PBF) today reported fourth quarter 2015 operating income, excluding special items, of $167.7 million versus operating income of $208.6 million for the fourth quarter of 2014. Special items in the fourth quarter 2015 results include two notable non-cash, after-tax items, a $209.0 million lower-of-cost-or-market ("LCM") inventory charge and a $12.3 million benefit related to a change in a tax receivable agreement liability.
Adjusted fully-converted net income for the fourth quarter 2015, excluding special items, was $71.0 million, or $0.70 per share on a fully-exchanged, fully-diluted basis, as described below, compared to... More
