NEW YORK (

TheStreet

) -- The ex-dividend date for

HollyFrontier

(NYSE:

HFC

) is tomorrow, May 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $29.16 as of 10 a.m. ET, the dividend yield is 2%.

The average volume for HollyFrontier has been 3.6 million shares per day over the past 30 days. HollyFrontier has a market cap of $6.25 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 26% year to date as of the close of trading on Tuesday.

HollyFrontier Corporation operates as an independent petroleum refiner and marketer in the United States. It produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquefied petroleum gas, fuel oil, and specialty and modified asphalt. The company has a P/E ratio of 4.5, below the average energy industry P/E ratio of 4.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates HollyFrontier as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

HollyFrontier Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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