HollyFrontier raises quarterly dividend 50%, announces 50c special dividend HollyFrontier announced that its board approved a 50% increase in the company's regular quarterly cash dividend to 30c per share from the current rate of 20c per share. The regular dividend will be paid on April 2 to holders of record of common stock on March 15. The company also announced a special cash dividend in the amount of 50c per share. The special dividend will be paid on March 19 to holders of record of common stock on March 5.
News For HFC From The Last 14 Days
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HollyFrontier upgraded to Overweight from Underweight at JPMorgan JPMorgan upgraded HollyFrontier two notches to Overweight from Underweight citing valuation and a potential boost to margins from the long-term price differential between Brent and WTI. The firm raised its price target for shares to $66 from $42.