Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

Rhea-AI Summary

The Board of Directors of Valero Energy Corporation (NYSE: VLO) has declared a quarterly cash dividend of $0.98 per share, payable on September 2, 2021, to shareholders recorded by the close of business on August 5, 2021. Valero operates 15 petroleum refineries with a throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants producing about 1.7 billion gallons per year. The company is a leading manufacturer and marketer of transportation fuels and petrochemical products in North America.

Positive

• Quarterly dividend of $0.98 per share enhances shareholder income.
• Strong operational capacity across 15 petroleum refineries and 13 ethanol plants indicates robust business performance.

Negative

• None.

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 September 2, 2021, to holders of record at the close of business on August 5, 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 it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.7 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 is 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/20210715006023/en/

FAQ

What is the dividend amount declared by Valero Energy Corporation?

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

When is the dividend payment date for Valero Energy Corporation?

The dividend payment date is September 2, 2021.

Who is eligible to receive the dividend from Valero Energy Corporation?

Shareholders of record at the close of business on August 5, 2021, are eligible to receive the dividend.

How does Valero Energy Corporation's dividend impact its shareholders?

The dividend provides direct income to shareholders and demonstrates the company's ongoing commitment to returning value.