HollyFrontier Corporation Announces Special and Regular Cash Dividends
HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") announced today
that its Board of Directors declared a special cash dividend in the
amount of $0.50 per share, payable on September 4, 2012 to holders of
record of common stock on August 27, 2012.
The Board of Directors also approved a regular quarterly dividend of
$0.15 per share. This dividend will be paid on October 2, 2012 to all
holders of record of common stock on September 10, 2012.
Mike Jennings, CEO and President of HollyFrontier, said, "After last
week's outstanding second quarter results, our Board of Directors
authorized another special dividend, the fifth since our July 2011
merger. Over the last twelve months we have returned $2.42 per share in
cash to shareholders through regular and special dividends, which
equates to a more than 6% yield on today's closing price of $39.59 per
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 44% interest (including the 2% general partner interest) in Holly
Energy Partners, L.P.
Information about HollyFrontier may be found on its website at http://www.hollyfrontier.com.
Julia Heidenreich, 214-871-3555
Source: HollyFrontier Corporation
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