DALLAS--(BUSINESS WIRE)--
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 June 10, 2013 to holders of record
of common stock on May 29, 2013.
The Board of Directors also approved a regular quarterly dividend of
$0.30 per share. This dividend will be paid on July 3, 2013 to holders
of record of common stock on June 12, 2013.
Mike Jennings, CEO and President of HollyFrontier, commented, "Our Board
of Directors continues their commitment to deliver shareholder value
through both regular and special dividends. Today's announcement
represents our ninth special dividend paid since our merger. Including
today's announced dividends, our last twelve month cash dividend yield
stands at 7.1% relative to yesterday's closing price of $48.43."
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 39% 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
Julia Heidenreich, 214-954-6510
VP,
Investor Relations
or
Blake Barfield, 214-954-6510
Investor
Relations
Source: HollyFrontier Corporation
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