Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

Rhea-AI Summary

Valero Energy (NYSE: VLO) has announced a regular quarterly cash dividend of $1.07 per share on its common stock. The dividend will be paid on September 3, 2024, to shareholders of record as of the close of business on August 1, 2024. This declaration by Valero's Board of Directors demonstrates the company's commitment to returning value to its shareholders through consistent dividend payments.

Positive

• Consistent quarterly dividend payment of $1.07 per share
• Demonstrates company's ability to maintain shareholder returns

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 $1.07 per share. The dividend is payable on September 3, 2024 to holders of record at the close of business on August 1, 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/20240718924170/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 amount of Valero Energy's (VLO) latest quarterly dividend?

Valero Energy (VLO) has declared a regular quarterly cash dividend of $1.07 per share on its common stock.

When will Valero Energy (VLO) pay its latest declared dividend?

The dividend is payable on September 3, 2024, to holders of record at the close of business on August 1, 2024.

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

The record date for Valero Energy's (VLO) latest dividend is August 1, 2024, at the close of business.

How often does Valero Energy (VLO) pay dividends?

Based on the announcement of a regular quarterly cash dividend, Valero Energy (VLO) pays dividends on a quarterly basis.