PBF Energy (PBF) Declares $0.30 Quarterly Dividend; 2.6% Yield
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PBF Energy Reports Second Quarter 2018 Results, Declares Dividend of $0.30 Per Share
August 2, 2018 6:30 AM EDTPARSIPPANY, N.J., Aug. 2, 2018 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported second quarter 2018 income from operations of $422.3 million as compared to loss from operations of $111.0 million for the second quarter of 2017. Excluding special items, second quarter 2018 income from operations was $264.3 million as compared to income from operations of $40.0 million for the second quarter of 2017. Special items in the second quarter 2018 results, which increased operating income, include a net, non-cash, after-tax gain of $116.3 million, or $1.00 per share, lower-of-cost-or-market ("LCM") inventory adjustment.
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