Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  HollyFrontier Corp    HFC

Delayed Quote. Delayed  - 08/23 10:02:44 pm
26.63 USD   +2.50%
08/19 HOLLYFRONTIER C : ex-dividend day
08/03 HOLLYFRONTIER : reports 2Q loss
08/03 HOLLYFRONTIER C : Reports Quarterly Results and Announces Regular Ca..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

HollyFrontier Corp : HollyFrontier Corporation Announces Special Dividend And 50 Percent Increase In Regular Dividend

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2012 | 10:10pm CEST

DALLAS, May 16, 2012 /PRNewswire/ -- HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier" or the "Company") announced today that its Board of Directors has approved a 50 percent increase in the Company's regular quarterly cash dividend to $0.15 per share from the current rate of $0.10 per share. The regular dividend will be paid on July 3, 2012 to holders of record of common stock on June 12, 2012. This is the third increase of the regular dividend in less than a year representing a 200% increase in the Company's regular quarterly dividend from that which was in place at the time of the merger of Holly Corporation and Frontier Oil Corporation in July 2011.

The Company also announced today a special cash dividend in the amount of $0.50 per share. The special dividend will be paid on June 5, 2012 to holders of record of common stock on May 29, 2012. This is the fourth $0.50 special dividend declared by the HollyFrontier Board since August 2011.

Mike Jennings, CEO and President of HollyFrontier, said "Our Board of Directors is firmly committed to delivering superior returns for shareholders. We are successfully executing our business plan, while at the same time returning significant capital to our owners though dividends and ongoing share repurchases. As we go forward, the Company will evaluate additional opportunities to return capital to shareholders on a quarterly basis."

Since the completion of the merger on July 1, 2011, the Company's Board of Directors has authorized special and regular quarterly dividends totaling approximately $510 million, or $2.44 per share. Total dividends declared since July 2011 represent a dividend yield of over 8 percent on an annual basis. In addition, the Company has repurchased more than $100 million of its common stock since completing the merger. In total, HollyFrontier has returned $650 million of capital to shareholders since the merger.

About HollyFrontier Corporation

HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier operates through its subsidiaries a 135,000 barrels per stream day ("bpsd") refinery located in El Dorado, Kansas, a 125,000 bpsd refinery in Tulsa, Oklahoma, a 100,000 bpsd refinery located in Artesia, New Mexico, a 52,000 bpsd refinery located in Cheyenne, Wyoming and a 31,000 bpsd refinery in Woods Cross, Utah. HollyFrontier markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. A subsidiary of HollyFrontier also owns a 42% interest (including the general partner interest) in Holly Energy Partners, L.P.

Information about HollyFrontier may be found on its website at http://www.hollyfrontier.com.

FOR FURTHER INFORMATION, Contact:

Neale Hickerson / Julia Heidenreich, Investor Relations

HollyFrontier Corporation
214-871-3555

SOURCE HollyFrontier Corporation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HOLLYFRONTIER CORP
08/19 HOLLYFRONTIER CORP : ex-dividend day
08/11 HOLLYFRONTIER CORPORATION : Reports Quarterly Results and Announces Regular Cash..
08/11 HOLLYFRONTIER CORP : Entry into a Material Definitive Agreement, Financial State..
08/03 HOLLYFRONTIER : Management's Discussion and Analysis of Financial Condition and ..
08/03 HOLLYFRONTIER : reports 2Q loss
08/03 HOLLYFRONTIER CORP : Results of Operations and Financial Condition, Financial St..
08/03 HOLLYFRONTIER CORPORATION : Reports Quarterly Results and Announces Regular Cash..
07/06 HOLLYFRONTIER CORPORATION : Second Quarter 2016 Earnings Release and Conference ..
06/07 Holly Energy acquires interest in Cheyenne Pipeline
05/25 HOLLYFRONTIER CORP : ex-dividend day
More news
Sector news : Petroleum Refining
06:16pDJOil Pipeline Project to Remain Stalled at Missouri River
03:42pDJOil Pipeline Project to Remain Stalled at Missouri River
02:06pDJAnbang Insurance Plans IPO of Life-Insurance Unit
01:47p BP : unit selling up to $261 million stake in Castrol India - termsheet
01:12p India's Idea Cellular denies report on merger talks with Vodafone
More sector news : Petroleum Refining
News from SeekingAlpha
08/22 Who Is To Blame For Merchant Refiners' High Regulatory Costs?
08/19 CVR's Carl Icahn Blasts The EPA Over Blender Rules
08/16 Icahn Plunges Into The Battle Over The Blending Mandate
08/16 Icahn urges change to renewable fuel credit system
08/11 REUTERS : Refiners on track to spend record on U.S. clean fuel standards