HollyFrontier Corporation Announces Regular Cash Dividend
February 12 2020 - 4:15PM
Business Wire
HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier")
announced today that its Board of Directors declared a regular
quarterly dividend in the amount of $0.35 per share, payable on
March 5, 2020 to holders of record of common stock on February 24,
2020.
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 owns and operates refineries
located in Kansas, Oklahoma, New Mexico, Wyoming and Utah and
markets its refined products principally in the Southwest U.S., the
Rocky Mountains extending into the Pacific Northwest and in other
neighboring Plains states. In addition, HollyFrontier produces base
oils and other specialized lubricants in the U.S., Canada and the
Netherlands, and exports products to more than 80 countries.
HollyFrontier also owns a 57% limited partner interest and a
non-economic general partner interest in Holly Energy Partners,
L.P., a master limited partnership that provides petroleum product
and crude oil transportation, terminalling, storage and throughput
services to the petroleum industry, including HollyFrontier.
HFC Forward Looking Statement:
The statements contained herein relating to matters that are not
historical facts are "forward-looking statements" within the
meaning of the federal securities laws. These statements are based
on our beliefs and assumptions using currently available
information and expectations as of the date hereof, are not
guarantees of future performance and involve certain risks and
uncertainties. Although we believe that such expectations reflected
in such forward-looking statements are reasonable, we cannot give
assurance that our expectations will prove to be correct.
Therefore, actual outcomes and results could materially differ from
what is expressed, implied or forecast in these statements. Any
differences could be caused by a number of factors including, but
not limited to:
- our failure to successfully integrate the operation of
Sonneborn with our existing operations or to realize anticipated
cost saving synergies;
- risks and uncertainties with respect to the actions of actual
or potential competitive suppliers and transporters of refined
petroleum or lubricant products in HollyFrontier's markets;
- the demand for and supply of crude oil, refined products and
lubricant products;
- the spread between market prices for refined products and
market prices for crude oil;
- the possibility of constraints on the transportation of refined
products;
- the possibility of inefficiencies, curtailments or shutdowns in
refinery operations or pipelines;
- effects of governmental and environmental regulations and
policies;
- the availability and cost of financing to HollyFrontier;
- the effectiveness of HollyFrontier's capital investments and
marketing strategies;
- HollyFrontier's efficiency in carrying out construction
projects;
- the ability of HollyFrontier to acquire refined product
operations or pipeline and terminal operations on acceptable terms
and to integrate any future acquired operations;
- the possibility of terrorist attacks and the consequences of
any such attacks;
- general economic conditions; and
- other financial, operational and legal risks and uncertainties
detailed from time to time in HollyFrontier's Securities and
Exchange Commission filings.
The forward-looking statements speak only as of the date made
and, other than as required by law, HollyFrontier undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200212005812/en/
HollyFrontier Corporation Craig Biery, 214-954-6510 Director,
Investor Relations or Trey Schonter, 214-954-6510 Investor
Relations
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