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HOLLY CORPORATION ANNOUNCES REDUCED QUARTERLY DIVIDEND

 HOLLY CORPORATION ANNOUNCES REDUCED QUARTERLY DIVIDEND
 DALLAS, March 16 /PRNewswire/ -- Holly Corporation (AMEX: HOC) today


announced the declaration of a reduced quarterly cash dividend in the amount of $.075 per share payable on April 13, 1992 to holders of record on March 30, 1992.
 Holly Corporation, through its affiliates, Navajo Refining Company and Montana Refining Company, is engaged in the refining of petroleum products.
 -0- 3/16/92
 /CONTACT: Henry A. Teichholz, vice president, treasurer and controller of Holly Corporation, 214-871-3555, or Lee Sneath of Dalton, Sneath & Company, 214-233-8461, for Holly Corporation/
 (HOC) CO: Holly Corporation ST: Texas IN: OIL SU: DIV


TS -- NY042 -- 8281 03/16/92 11:39 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 16, 1992
Words:111
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