DALLAS--(BUSINESS WIRE)--
HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") announced today
that its Board of Directors declared an additional special cash dividend
in the amount of $0.50 per share, payable on October 2, 2012 to holders
of record of common stock on September 25, 2012.
Mike Jennings, CEO and President of HollyFrontier, said, "Our Board of
Directors' decision to issue a 2nd special dividend for the
third quarter 2012, our 4th special dividend this year, and
our 6th special dividend since the completion of the merger
that formed HollyFrontier in July 2011, is a reflection of our continued
commitment to return capital to shareholders. The Board of Directors has
declared $3.00 of special and regular dividends in the last twelve
months representing a 7.5% dividend yield on today's closing price of
$40.00 per share. In total, HollyFrontier has returned $952 million of
capital to shareholders since July 2011, $741 million in special and
regular dividends as well as $211 million in share repurchases of its
common stock as of the second quarter results announcement."
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
HollyFrontier Corporation
Investor Relations:
M. Neale
Hickerson, 214-871-3555
or
Julia Heidenreich, 214-871-3555
Source: HollyFrontier Corporation
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