HF Sinclair Corporation (NYSE:DINO – Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.5250 per share on Wednesday, December 2nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, November 12th.
HF Sinclair has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. HF Sinclair has a payout ratio of 66.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect HF Sinclair to earn $19.34 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 10.9%.
HF Sinclair Stock Performance
HF Sinclair stock opened at $99.82 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.40 and a current ratio of 2.27. The stock has a fifty day moving average of $112.80 and a two-hundred day moving average of $79.84. The company has a market capitalization of $17.11 billion, a price-to-earnings ratio of 5.06 and a beta of 0.73. HF Sinclair has a fifty-two week low of $45.71 and a fifty-two week high of $129.37.
HF Sinclair (NYSE:DINO – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.83 by $3.92. The business had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $8.89 billion. HF Sinclair had a return on equity of 32.95% and a net margin of 10.12%. The business’s revenue was up 49.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.44 earnings per share. On average, analysts anticipate that HF Sinclair will post 22.32 EPS for the current fiscal year.
About HF Sinclair
HF Sinclair Corporation is an energy company that refines crude oil and sells fuels and other petroleum products. Its offerings include gasoline, diesel, jet fuel, asphalt, and specialty products such as lubricants and chemicals.
The company also operates midstream businesses, including pipelines, terminals, and other infrastructure that support the transportation and storage of crude oil and refined products. Its operations include renewable fuels, and its products are marketed under brands that include Sinclair.
HF Sinclair was formed in 2022 through the combination of HollyFrontier Corporation and Sinclair Oil Corporation.
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