EL PASO, Texas, Jan. 15, 2013 (GLOBE NEWSWIRE) -- Western Refining, Inc. (NYSE:WNR) today announced its Board of Directors approved a $0.12 per share dividend for the first quarter of 2013. The dividend will be paid on February 14, 2013, to shareholders of record on January 30, 2013.

Jeff Stevens, Western's President and Chief Executive Officer, commented, "This is the second dividend increase since the first quarter of 2012 and represents a 50% increase from the fourth quarter 2012 dividend. Our Board of Directors is committed to continuing to return capital to our shareholders. This increased dividend reflects the Company's confidence in the continued strength of the margin environment and the investments we are making in our business."