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HollyFrontier Raises Regular Dividend, Declares Special Payout

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HollyFrontier (NYSE: HFC  ) has declared its next quarterly dividend and announced a special payout.For the regular dividend, the company will pay $0.30 per share of its common stock on April 2 to shareholders of record as of March 15. That amount is 50% higher than the previous disbursement of $0.20 paid last December, and at an annualized rate of $1.20 it yields 2.2% on the company's current stock price of $53.72.

HollyFrontier also announced a special dividend of $0.50 per share of common stock, and it will be distributed on March 19 to holders of record as of March 5.

The company habitually pays special dividends; this is the eighth such distribution since August 2011.

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Related Tickers

9/28/2016 4:05 PM
HFC $24.05 Up +0.24 +1.01%
HollyFrontier CAPS Rating: ****