Speculative Options Plays

[CoolHandLucas]

FTO - Frontier Oil ups share buyback funds, raises div
Tue Apr 24, 2007 4:51pm ET

SAN FRANCISCO, April 24 (Reuters) - Oil refiner Frontier Oil Corp. (FTO.N: Quote, Profile , Research) said on Tuesday it raised its share repurchase authorization by $100 million and increased its quarterly dividend to 5 cents a share from 3 cents.

The dividend is payable July 11 to stockholders of record June 29.

Houston-based Frontier Oil said it had repurchased $28.3 million of stock to date under its previous $100 million authorization, leaving $171.7 million approved for future buybacks.