HollyFrontier’s dividend per share
Previously in this series, we discussed the fall in HollyFrontier’s (HFC) stock price and its moving average trends. In Part 3, we estimated HollyFrontier’s stock price forecast range based on its current implied volatility. Now, we’ll discuss HollyFrontier’s dividend yield trend. We’ll discuss HollyFrontier’s dividend payment in the first quarter.
HollyFrontier’s dividend payments have remained stable in the past few years. In the first quarter, HollyFrontier will pay a dividend of $0.33 per share on March 13. The dividend was announced on February 13. HollyFrontier’s first-quarter dividend payment has stayed flat year-over-year.
HollyFrontier’s dividend yield
HollyFrontier’s current dividend yield is 2.7%. The dividend yield has risen from 1.9% in the previous quarter. However, the current yield is lower than 2.8% in the first quarter of 2018.
In the past few years, HollyFrontier has spent on growth activities and rendered shareholders’ returns. Since July 2011, HollyFrontier has returned $5.0 billion to shareholders through dividend payments and share repurchases. HollyFrontier’s share repurchase program has been funded from free cash flows and proceeds from drop-downs to Holly Energy Partners (HEP). In 2018, HollyFrontier provided shareholder returns of $234 million through dividends and $363 million through stock repurchases.
Peers’ dividend yields
HollyFrontier’s peers have higher dividend yields. Valero Energy (VLO) and Phillips 66’s (PSX) current dividend yields are 4.5% and 3.4%, respectively. Marathon Petroleum (MPC), Delek US Holdings (DK), and PBF Energy’s (PBF) dividend yields are 3.7%, 3.3%, and 4.1%, respectively.
Next, we’ll discuss how the institutional holdings in HollyFrontier have changed.