Wednesday, September 12, 2012
We All Want To Be Special
The "new and improved" MFI portfolio is also faring well, up exactly 10% since August 15th.
The reason for the church lady from SNL (are people old enough to remember those skits?) is that HFC announced another special dividend today (HollyFrontier Corporation Announces $0.50 Special Cash Dividend). For those keeping track (as I am), that is the 4th special dividend since I bought HFC back on February 22nd. So using my initial starting price of $34.66, I have collected $2.40 in dividends in under a year, a yield of 6.9% thus far on my investment. So far HFC is up over 22% for me, versus 4.5% for the broader market (MPC is about the same).
Not sure I'd want a refiner in my backyard, but I do not mind two in my portfolio!
Posted by Marsh_Gerda at 9:42 PM