HollyFrontier (HFC) Approves $1 Billion Share Buyback
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HollyFrontier Board of Directors Authorizes $1 Billion Share Repurchase Program
September 13, 2018 6:31 AM EDTDALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier" or the "Company") today announced its Board of Directors has authorized a $1 billionshare repurchaseprogram. This authorization replaces all existingshare repurchaseauthorizations, of which there was approximately $43.6 million remaining after having purchased approximately 1.2 million shares to date in the third quarter.
"The new $1 billionshare repurchaseprogram, which represents 8.1% of our current market cap, demonstrates our ongoing commitment to return excess free cash flow to shareholders. HollyFrontier has returned approximately $4.7 billion in cash to shareholders since our 2011 merger," said George Damiris, President and Chief... More
