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 December 17, 2014 to holders of
record of common stock on November 28, 2014.
The Board of Directors also approved a regular quarterly dividend of
$0.32 per share. This dividend will be paid on December 30, 2014 to
holders of record of common stock on December 4, 2014.
Mike Jennings, CEO and President of HollyFrontier, commented, "Today's
authorization by our Board of Directors reflects their continued
commitment to returning cash to shareholders through both regular and
special dividends in addition to the recently announced $500 million
share repurchase program. Including today's announced dividends, the
company has returned approximately $2.8 billion to shareholders since
the HollyFrontier merger and our last twelve month cash dividend yield
stands at 7.4% relative to today's closing price of $43.85."
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
currently owns a 39% interest (including a 2% general partner interest)
in Holly Energy Partners, L.P.
Information about the Company may be found on its website at www.hollyfrontier.com.
HollyFrontier Corporation
Julia Heidenreich, 214-954-6510
Vice
President, Investor Relations
Source: HollyFrontier Corporation
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