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 December 9, 2021 to shareholders of record as of November 18, 2021. Valero, headquartered in San Antonio, Texas, is a leading producer of transportation fuels and petrochemical products, operating 15 refineries with a total throughput capacity of approximately 3.2 million barrels per day and 12 ethanol plants with a combined capacity of 1.6 billion gallons annually.

Positive

• Quarterly cash dividend of $0.98 per share enhances shareholder returns.
• Strong operational capacity with 15 refineries and 12 ethanol plants positions Valero for potential growth.

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 December 9, 2021 to holders of record at the close of business on November 18, 2021.

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 partner 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/20211027006149/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

What is the dividend amount declared by Valero Energy Corporation?

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

When is Valero's dividend payable?

The dividend is payable on December 9, 2021.

What is the record date for Valero's dividend?

The record date for the dividend is November 18, 2021.

How many refineries does Valero Energy Corporation operate?

Valero operates 15 petroleum refineries.

What is the total throughput capacity of Valero's refineries?

Valero's refineries have a combined throughput capacity of approximately 3.2 million barrels per day.