HF Sinclair Corporation (DINO) to Distribute Quarterly Dividend of $0.53 on September 2nd

HF Sinclair Corporation (NYSE:DINO) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Tuesday, August 11th will be given a dividend of 0.525 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 2.6%. 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 raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. HF Sinclair has a dividend payout ratio of 66.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect HF Sinclair to earn $8.77 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 23.9%.

HF Sinclair Trading Down 1.8%

Shares of NYSE DINO opened at $81.46 on Friday. HF Sinclair has a twelve month low of $42.82 and a twelve month high of $94.22. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $77.39 and a 200-day simple moving average of $65.73. The stock has a market capitalization of $14.48 billion, a PE ratio of 7.77 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s quarterly revenue was up 53.2% compared to the same quarter last year. On average, equities analysts forecast that HF Sinclair will post 11.85 earnings per share 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.