HollyFrontier Corporation Announces Special and Regular Dividends

HollyFrontier Corporation (HFC) announced today that its Board of Directors declared a special cash dividend in the amount of $0.50 per share, payable on September 4, 2012 to holders of record of common stock on August 27, 2012.

The Board of Directors also approved a regular quarterly dividend of $0.15 per share. This dividend will be paid on October 2, 2012 to all holders of record of common stock on September 10, 2012.

Mike Jennings, CEO and President of HollyFrontier  said, “After last week’s outstanding second quarter results, our Board of Directors authorized another special dividend, the fifth since our July 2011 merger. Over the last twelve months we have returned$2.42 per share in cash to shareholders through regular and special dividends, which equates to a more than 6% yield on today’s closing price of $39.59 per share.”

Subscribers to the Get Rich Monthly Income Plan have an YTD return on HFC of 96% (excluding recent special dividend) from investing in a perpetual covered call position.  MIP investors also collected a $0.50 special dividend from HFC in June 2012.