HollyFrontier announced that its Board of Directors declared a special cash dividend in the amount of $0.50 per share, payable on March 17, to holders of record of common stock on March 5.
According to a release, the Board of Directors also approved a regular quarterly dividend of $0.30 per share. This dividend will be paid on March 28, to holders of record of common stock on March 14.
Mike Jennings, CEO and President of HollyFrontier, said, "Our Board of Directors continues their commitment to return cash to shareholders through both regular and special dividends. Today's announcement represents our twelfth special dividend paid since our merger. Including today's announced dividends, the company has returned over $2 billion to shareholders since the HollyFrontier merger and our last twelve month cash dividend yield stands at 7.0 percent relative to yesterday's closing price of $45.89."
HollyFrontier plans to announce results for its fourth quarter of 2013 on February 25, before the opening of trading on the NYSE. The company has scheduled a webcast conference on February 25, at 8:30 am Eastern time to discuss financial results.
HollyFrontier Corp. is an independent petroleum refiner and marketer.
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