HollyFrontier Corporation Announces Regular Cash Dividend
May 08 2019 - 4:30PM
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
June 5, 2019 to holders of record of common stock on May 20,
2019.
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/20190508005902/en/
HollyFrontier CorporationCraig Biery, 214-954-6510Director,
Investor RelationsorJared Harding, 214-954-6510Manager, Investor
Relations
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