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Timothy Smith

05/24/15 2:00 PM

#44 RE: wormwood #43

HollyFrontier (NYSE:HFC) declares $0.33/share quarterly dividend, 3.1% increase from prior dividend of $0.32.

Forward yield 3.17%.

Payable June 26; for shareholders of record June 5; ex-div June 3.
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Timothy Smith

05/24/15 2:01 PM

#45 RE: wormwood #43

With the company set to aggressively repurchase its undervalued shares, strong throughput volumes, and solid demand fundamentals, I think HollyFrontier is poised to deliver strong returns for shareholders.

While broader market dynamics, i.e. the price of oil, dictating much of trading, shares can swoon for a while.

However, I would bet on Jennings and his talented management team to wisely allocate capital and move the share price higher in the next year.