PBF Energy (PBF) Declares $0.30 Quarterly Dividend; 4% Yield

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Go back to PBF Energy (PBF) Declares $0.30 Quarterly Dividend; 4% Yield

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

November 2, 2017 9:47 AM EDT

PARSIPPANY, N.J., Nov. 2, 2017 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported third quarter 2017 income from operations of $587.2 million as compared to income from operations of $129.7 million for the third quarter of 2016. Excluding special items, third quarter 2017 income from operations was $322.1 million as compared to income from operations of $25.7 million for the third quarter of 2016. Special items in the third quarter 2017 results, which increased operating income, include a net, non-cash, after-tax gain of $160.7 million, or $1.41 per share, lower-of-cost-or-market ("LCM") inventory adjustment and an after-tax gain of $0.3 million as a result of a change in the tax... More