HOUSTON, Sept. 2 /PRNewswire-FirstCall/ -- The Board of Directors of
Frontier Oil Corporation (NYSE: FTO) has approved an increase in the quarterly
cash dividend on the Company's common stock to $0.06 per share ($0.24
annualized) from $0.05 per share ($0.20 annualized). The dividend is payable
October 12, 2004 to shareholders of record on September 24, 2004.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010411/FTOLOGO )
"The increase in our quarterly cash dividend signifies our continued
commitment to return value to our shareholders," said James Gibbs, Frontier's
Chairman, President, and CEO.
Frontier operates a 110,000 barrel-per-day refinery located in El Dorado,
Kansas, and a 46,000 barrel-per-day refinery located in Cheyenne, Wyoming, and
markets its refined products principally along the eastern slope of the Rocky
Mountains and in other neighboring plains states. Information about the
Company may be found on its web site http://www.frontieroil.com .
This news release includes forward-looking statements concerning the
Company. These may include statements of plans or objectives for future
operations, statements about future economic performance or assumptions or
estimates. The accuracy of these forward-looking statements is subject to a
wide range of business risks and changes in circumstances that are described
in our reports that are filed from time to time with the Securities and
Exchange Commission. Actual results and outcomes often differ from
expectations.
SOURCE Frontier Oil Corporation
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Related links:
http://www.frontieroil.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20010411/FTOLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
Company News On-Call:
http://www.prnewswire.com/comp/118801.html
CONTACT:
Doug Aron of Frontier Oil Corporation,
+1-713-688-9600 x145
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