Western Refining (WNR) Declares $1.50 Special Dividend; 5.2% Yield
Tweet
Share
E-mailGet Alerts WNR Hot Sheet
Join SI Premium – FREE
Western Refining (NYSE: WNR) declared a special dividend of $1.50 per share.
The dividend will be payable on December 28, 2012, to stockholders of record on December 21, 2012.
The annual yield on the dividend is 5.2 percent.
Jeff Stevens, CEO and President of Western Refining, said, "The decision by our Board of Directors to declare a second 2012 special dividend reflects our on-going commitment to our shareholders. Our margin environment continues to be very strong. The Permian Basin crude oil discount significantly widened in December and continues to widen into 2013. This environment, coupled with our aggressive debt reduction, conservative capital structure, and on-going hedging initiative, allows the Company to continue to return cash to shareholders via dividends and our share repurchase program. In 2012, Western will return over $320 million to its shareholders. These actions, and our continued investment in the business, reinforce our commitment to create value for Western's shareholders."
For a dividend history and other dividend-related data on Western Refining (WNR) click here.
The dividend will be payable on December 28, 2012, to stockholders of record on December 21, 2012.
The annual yield on the dividend is 5.2 percent.
Jeff Stevens, CEO and President of Western Refining, said, "The decision by our Board of Directors to declare a second 2012 special dividend reflects our on-going commitment to our shareholders. Our margin environment continues to be very strong. The Permian Basin crude oil discount significantly widened in December and continues to widen into 2013. This environment, coupled with our aggressive debt reduction, conservative capital structure, and on-going hedging initiative, allows the Company to continue to return cash to shareholders via dividends and our share repurchase program. In 2012, Western will return over $320 million to its shareholders. These actions, and our continued investment in the business, reinforce our commitment to create value for Western's shareholders."
For a dividend history and other dividend-related data on Western Refining (WNR) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- KB Home (KBH) Announces $1B Share Buyback, Raises Dividend
- Bladex (BLX) Declares $0.50 Quarterly Dividend; 6.8% Yield
- J. M. Smucker (SJM) Declares $1.06 Quarterly Dividend; 3.8% Yield
Create E-mail Alert Related Categories
Dividends, Special DividendsRelated Entities
Dividend, Crude Oil, Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
