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

HF Sinclair Corporation (NYSE:DINOGet Free Report) declared a quarterly dividend on Wednesday, February 18th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.50 per share on Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, March 2nd.

HF Sinclair has raised 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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HF Sinclair to earn $4.19 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 47.7%.

HF Sinclair Price Performance

Shares of HF Sinclair stock traded down $6.28 on Wednesday, hitting $51.58. 11,612,741 shares of the company traded hands, compared to its average volume of 2,709,215. HF Sinclair has a 12-month low of $24.66 and a 12-month high of $59.33. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.49 billion, a P/E ratio of 24.68 and a beta of 0.87. The firm’s 50-day simple moving average is $50.62 and its 200 day simple moving average is $50.97.

HF Sinclair (NYSE:DINOGet Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.37. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. During the same period last year, the firm earned ($1.02) earnings per share. HF Sinclair’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts expect that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair News Summary

Here are the key news stories impacting HF Sinclair this week:

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.

Read More

Dividend History for HF Sinclair (NYSE:DINO)

Receive News & Ratings for HF Sinclair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HF Sinclair and related companies with MarketBeat.com's FREE daily email newsletter.