PBF Energy (PBF) Declares $0.30 Quarterly Dividend; 5.5% Yield

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Go back to PBF Energy (PBF) Declares $0.30 Quarterly Dividend; 5.5% Yield

PBF Energy Reports First Quarter 2017 Results, Declares Dividend of $0.30 Per Share

May 4, 2017 6:30 AM EDT

PARSIPPANY, N.J., May 4, 2017 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported first quarter 2017 income from operations of $0.7 million as compared to a net loss from operations of $5.4 million for the first quarter of 2016. Excluding special items, first quarter 2017 income from operations was $16.7 million as compared to a loss from operations of $64.5 million for the first quarter of 2016. Special items in the first quarter 2017 results include a net, non-cash, after-tax loss of $9.7 million, or $0.09 per share, lower-of-cost-or-market ("LCM") inventory adjustment which decreased operating income.

The company reported a... More