The financial well seems to be gushing at HollyFrontier (NYSE:HFC). The company has declared a special dividend, in addition to its regular quarterly distribution, for holders of its common stock. The special payout is $0.50 per share, to be distributed on June 10 to shareholders of record as of May 29. The regular dividend is $0.30 per share, and the dates are July 3 and June 12, respectively.

The regular distribution matches the company's previous one, which was handed out in early April. It annualizes to $1.20 per share, yielding 2.5% at HollyFrontier's current stock price of $47.28.

Fool contributor Eric Volkman has no position in HollyFrontier. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.