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Hollyfrontier Corporation Announces Regular Cash Dividend

The following excerpt is from the company's SEC filing.

DALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") announced today that its Board of Directors declared a regular quarterly dividend in the amount of $0.33 per share, payable on December 30, 2015 to holders of record of common stock on December 4, 2015.

Mike Jennings, CEO and President of HollyFrontier, commented, "The $0.33 per share quarterly dividend puts our dividend yield at 2.7% as of today’s closing price of $49.47. Today’s dividend declaration reflects the Board’s continued commitment to returning cash to shareholders through dividends and our recently announced $1 bi llion share repurchase program. We intend to maintain both a competitive dividend yield and total cash yield relative to our peer group.”

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....


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