Posts Tagged ‘shares’

HollyFrontier Corporation (NYSE: HFC) – Announced today that its Board of Directors declared a special cash dividend in the amount of $0.50 per share, payable on March 13, 2012 to holders of record of common stock on March 5, 2012.

The Board of Directors also approved the regular dividend of $0.10 per share. This dividend will be paid on April 3, 2012 to all holders of record of common stock on March 16, 2012.

After the News was Released

“Our Board has just declared the Company’s third regular and special dividend since the merger formation of HollyFrontier in July 2011. In total, these dividends represent approximately $375 million or $1.79 per share. We believe these dividends represent a valuable component to build shareholder value and increase shareholder returns and we will continue to evaluate additional distributions with our Board of Directors on a quarterly basis.” – CEO + President, Mike Jennings.
HollyFrontier Corp (NYSE:HFC) – Finished the day off closing up 3.52% +1.17.

Currently I hold a Long Position in HFC, and have no plans to re position myself within the next 3 business days.

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