PBF Energy (PBF) Declares $0.30 Quarterly Dividend; 4.9% Yield

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Go back to PBF Energy (PBF) Declares $0.30 Quarterly Dividend; 4.9% Yield

PBF Energy Reports Fourth Quarter 2016 Results, Declares Dividend of $0.30 Per Share

February 16, 2017 6:30 AM EST

PARSIPPANY, N.J., Feb. 16, 2017 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported fourth quarter 2016 income from operations of $139.8 million as compared to a loss from operations of $178.4 million for fourth quarter of 2015. Excluding special items, fourth quarter 2016 loss from operations was $60.7 million as compared to income from operations of $167.7 million for the fourth quarter of 2015. Special items in the fourth quarter 2016 results include a net, non-cash, after-tax gain of $122.2 million, or $1.17 per share, lower-of-cost-or-market ("LCM") inventory adjustment and an after-tax benefit of $9.8 million, or $0.09 per share, related to a change in... More