Holly Corporation Announces Increase in Regular Quarterly Cash Dividend
25 Février 2008 - 1:00PM
PR Newswire (US)
Increases Regular Cash Dividend 25% DALLAS, Feb. 25
/PRNewswire-FirstCall/ -- Holly Corporation (NYSE:HOC) today
announced the declaration of a regular quarterly cash dividend in
the amount of $0.15 per share payable on April 2, 2008, to holders
of record on March 19, 2008. This dividend represents a 25%
increase from the most recent quarterly dividend rate of $0.12 per
share. Holly Corporation, headquartered in Dallas, Texas, is an
independent petroleum refiner and marketer that produces high value
light products such as gasoline, diesel fuel and jet fuel. Holly
operates through its subsidiaries an 85,000 barrels per day ("bpd")
refinery located in Artesia, New Mexico, and a 26,000 bpd refinery
in Woods Cross, Utah. Holly also owns a 45% interest (including the
general partner interest) in Holly Energy Partners, L.P.
(NYSE:HEP), which through subsidiaries owns or leases approximately
1,700 miles of petroleum product pipelines in Texas, New Mexico and
Oklahoma and petroleum product terminals in several Southwest and
Rocky Mountain states. DATASOURCE: Holly Corporation CONTACT: Bruce
R. Shaw, Senior Vice President and Chief Financial Officer, or M.
Neale Hickerson, Vice President-Investor Relations,
+1-214-871-3555, both of Holly Corporation
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