HF Sinclair Corporation (DINO) To Go Ex-Dividend on May 11th

HF Sinclair Corporation (NYSE:DINO) declared a quarterly dividend on Friday, May 1st. Investors of record on Monday, May 11th will be given a dividend of 0.50 per share on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, May 11th.

HF Sinclair has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 years. HF Sinclair has a payout ratio of 63.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HF Sinclair to earn $6.49 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 30.8%.

HF Sinclair Price Performance

HF Sinclair stock opened at $72.38 on Friday. The stock’s 50 day moving average is $59.43 and its 200 day moving average is $54.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.90. The firm has a market cap of $13.05 billion, a P/E ratio of 10.88 and a beta of 0.72. HF Sinclair has a one year low of $33.96 and a one year high of $74.72.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The company 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 11.94% and a net margin of 4.46%.The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.27) EPS. As a group, research analysts expect that HF Sinclair will post 8.62 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.