Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

Rhea-AI Summary

Valero Energy (NYSE: VLO) has announced a regular quarterly cash dividend on its common stock. The dividend, set at $1.07 per share, will be payable on June 28, 2024.

Shareholders who hold common stock as of the close of business on May 30, 2024, will be eligible to receive this dividend. This decision reflects the company's commitment to returning value to its shareholders.

Positive

• Valero declares a regular quarterly cash dividend of $1.07 per share, indicating strong financial health and profitability.
• The dividend demonstrates a continued commitment to returning value to shareholders.
• Scheduled payment date is June 28, 2024, offering a clear timeline for shareholder returns.

Negative

• No specific growth initiatives or new investments were highlighted, potentially indicating a lack of new growth drivers.

SAN ANTONIO--(BUSINESS WIRE)-- The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of $1.07 per share. The dividend is payable on June 28, 2024 to holders of record at the close of business on May 30, 2024.

About Valero

Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. with a combined throughput capacity of approximately 3.2 million barrels per day. Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which owns two renewable diesel plants located in the U.S. Gulf Coast region with a combined production capacity of approximately 1.2 billion gallons per year, and Valero owns 12 ethanol plants located in the U.S. Mid-Continent region with a combined production capacity of approximately 1.6 billion gallons per year. Valero manages its operations through its Refining, Renewable Diesel, and Ethanol segments. Please visit investorvalero.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515717434/en/

Investors:

Homer Bhullar, Vice President – Investor Relations and Finance, 210-345-1982

Eric Herbort, Director – Investor Relations and Finance, 210-345-3331

Gautam Srivastava, Director – Investor Relations, 210-345-3992

Media:

Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002

Source: Valero Energy Corporation

FAQ

What is the dividend announced by Valero Energy (VLO)?

Valero Energy (NYSE: VLO) has declared a regular quarterly cash dividend of $1.07 per share.

When is Valero Energy's (VLO) next dividend payable?

The next dividend payment from Valero Energy (NYSE: VLO) is scheduled for June 28, 2024.

What is the record date for Valero Energy's (VLO) upcoming dividend?

The record date for Valero Energy's (NYSE: VLO) upcoming dividend is May 30, 2024.