Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

Rhea-AI Summary

Valero Energy Corporation (NYSE: VLO) has announced a quarterly cash dividend of $0.98 per share, payable on March 3, 2022, to stockholders of record as of February 3, 2022. As a leading manufacturer and marketer of transportation fuels and petroleum products, Valero operates 15 refineries with a throughput capacity of approximately 3.2 million barrels per day and 12 ethanol plants producing about 1.6 billion gallons annually. The company is committed to sustaining its dividend amid its operational expansion.

Positive

• Quarterly cash dividend of $0.98 per share boosts shareholder income.
• Strong operational capacity with 15 refineries and 12 ethanol plants.

Negative

• None.

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 $0.98 per share. The dividend is payable on March 3, 2022 to holders of record at the close of business on February 3, 2022.

About Valero

Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 500 company based in San Antonio, Texas, and owns 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 12 ethanol plants with a combined production capacity of approximately 1.6 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture member in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel owns North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220120005998/en/

Investors:

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

Eric Herbort, Senior Manager – Investor Relations, 210-345-3331

Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992



Media:

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

Source: Valero Energy Corporation

FAQ

When is the next dividend payment for Valero Energy Corporation (VLO)?

The next dividend payment for Valero Energy Corporation (VLO) is scheduled for March 3, 2022.

What is the amount of Valero's quarterly dividend?

Valero Energy Corporation has declared a quarterly dividend of $0.98 per share.

Who are the shareholders eligible for Valero’s dividend?

Shareholders of record on February 3, 2022, are eligible for Valero’s dividend.

How often does Valero Energy Corporation (VLO) pay dividends?

Valero Energy Corporation (VLO) typically pays dividends on a quarterly basis.