Dynamic behavior of a site diluted Ising ferromagnet in the presence of periodically oscillating magnetic field has been analyzed by means of the effective field theory (EFT). Dynamic equation of motion have been solved for a honeycomb lattice ($z=3$) with the help of a Glauber type stochastic process. The global phase diagrams and the variation of the corresponding dynamic order parameter as a function of the Hamiltonian parameters and temperature has been investigated in detail and it has been shown that the system exhibits reentrant phenomena, as well as a dynamic tricritical point which disappears for sufficiently weak dilution.
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