Holly Stock To Go Ex-dividend Tomorrow (HOC)

NEW YORK ( TheStreet) -- The ex-dividend date for Holly Corporation (NYSE: HOC) is tomorrow, June 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $62.65 as of 9:51 a.m. ET, the dividend yield is 0.9%.

The average volume for Holly has been 1.3 million shares per day over the past 30 days. Holly has a market cap of $3.4 billion and is part of the basic materials sector and energy industry. Shares are up 53.9% year to date as of the close of trading on Wednesday.

Holly Corporation, together with its subsidiaries, operates as a petroleum refiner in the United States. The company has a P/E ratio of 15.8, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Holly as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Holly Ratings Report.

See our dividend calendar or top-yielding stocks list.

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