HollyFrontier has declared its next quarterly dividend and announced a special payout.For the regular dividend, the company will pay $0.30 per share of its common stock on April 2 to shareholders of record as of March 15. That amount is 50% higher than the previous disbursement of $0.20 paid last December, and at an annualized rate of $1.20 it yields 2.2% on the company's current stock price of $53.72.

HollyFrontier also announced a special dividend of $0.50 per share of common stock, and it will be distributed on March 19 to holders of record as of March 5.

The company habitually pays special dividends; this is the eighth such distribution since August 2011.

The article HollyFrontier Raises Regular Dividend, Declares Special Payout originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in HollyFrontier. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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