HF Sinclair Corporation (NYSE:DINO) Plans Quarterly Dividend of $0.53

HF Sinclair Corporation (NYSE:DINO) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, August 11th will be paid a dividend of 0.525 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, August 11th. This is a 5.0% increase from HF Sinclair’s previous quarterly dividend of $0.50.

HF Sinclair has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. HF Sinclair has a dividend payout ratio of 63.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HF Sinclair to earn $8.11 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 24.7%.

HF Sinclair Stock Down 1.1%

DINO traded down $1.04 during trading on Tuesday, reaching $89.74. 4,186,526 shares of the stock traded hands, compared to its average volume of 2,705,550. The stock’s 50-day simple moving average is $74.16 and its two-hundred day simple moving average is $63.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. HF Sinclair has a fifty-two week low of $42.16 and a fifty-two week high of $94.22. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 13.49 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last issued its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same period in the prior year, the firm posted $1.10 EPS. The business’s revenue was up 53.2% compared to the same quarter last year. As a group, equities research analysts expect that HF Sinclair will post 11.15 EPS for the current year.

About HF Sinclair

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.