HF Sinclair Corporation Announces Quarterly Dividend of $0.50 (NYSE:DINO)

HF Sinclair Corporation (NYSE:DINOGet Free Report) announced a quarterly dividend on Friday, May 1st. Investors of record on Monday, May 11th will be paid a dividend of 0.50 per share on Tuesday, June 2nd. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, May 11th.

HF Sinclair has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. HF Sinclair has a dividend payout ratio of 63.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HF Sinclair to earn $6.10 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 32.8%.

HF Sinclair Trading Up 2.7%

HF Sinclair stock traded up $1.82 during mid-day trading on Friday, hitting $69.03. 4,079,238 shares of the company’s stock were exchanged, compared to its average volume of 2,821,005. The firm has a market capitalization of $12.44 billion, a P/E ratio of 22.48 and a beta of 0.70. HF Sinclair has a fifty-two week low of $31.04 and a fifty-two week high of $70.51. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The company’s 50 day simple moving average is $58.12 and its 200-day simple moving average is $53.91.

HF Sinclair (NYSE:DINOGet Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.27) EPS. On average, equities analysts anticipate that HF Sinclair will post 7.11 earnings per share for the current year.

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HF Sinclair Company Profile

(Get Free Report)

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.

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Dividend History for HF Sinclair (NYSE:DINO)

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