The energy company increases its dividend by 5% to $0.525, marking a yield of 2.31% for shareholders.
HF Sinclair (DINO) announced a 5% increase in its quarterly dividend to $0.525 per share, up from the prior $0.500. The new dividend yields 2.31% on a forward basis.
The company previously paid a $0.50 dividend for ten consecutive quarters. The dividend is payable September 2 to shareholders of record as of August 11, with an ex-dividend date of August 11.
No immediate market reaction was disclosed in the announcement.