Valero Energy Corporation Increases Regular Cash Dividend

Rhea-AI Summary

Valero Energy (NYSE: VLO) has announced an increase in its regular quarterly cash dividend from $1.07 to $1.13 per share. The dividend will be paid on March 3, 2025, to shareholders of record as of January 30, 2025. This increase raises the annualized cash dividend rate to $4.52 per share.

The company will host a conference call on January 30, 2025, at 10 a.m. ET to discuss fourth quarter and full year 2024 earnings results and provide operational updates.

Positive

• Quarterly dividend increased by 5.6% from $1.07 to $1.13 per share
• Annualized dividend rate raised to $4.52 per share
• Shows company's financial strength and commitment to shareholder returns

Negative

• None.

SAN ANTONIO--(BUSINESS WIRE)-- The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has approved an increase in the company’s regular quarterly cash dividend on common stock from $1.07 per share to $1.13 per share. The dividend is payable on March 3, 2025 to holders of record at the close of business on January 30, 2025. The increase in the dividend raises the annualized cash dividend rate on Valero’s common stock to $4.52 per share.

As a reminder, Valero will host a conference call on January 30, 2025, at 10 a.m. ET to discuss fourth quarter and full year 2024 earnings results, which will be released earlier that day, and to provide an update on company operations. Persons interested in listening to the presentation live via the internet may log on to Valero’s website at investorvalero.com.

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 produces low-carbon fuels including renewable diesel and sustainable aviation fuel (SAF), with a production capacity of approximately 1.2 billion gallons per year in the U.S. Gulf Coast region. See our Annual Report on Form 10-K for more information on SAF. Valero also 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/20250116612209/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 Valero's (VLO) new quarterly dividend amount for 2025?

Valero's new quarterly dividend amount is $1.13 per share, increased from $1.07 per share.

When will Valero (VLO) pay its next dividend in 2025?

Valero will pay its next dividend on March 3, 2025, to shareholders of record as of January 30, 2025.

What is Valero's (VLO) new annualized dividend rate?

Valero's new annualized dividend rate is $4.52 per share.

What is the percentage increase in Valero's (VLO) quarterly dividend?

Valero increased its quarterly dividend by 5.6%, from $1.07 to $1.13 per share.

When will Valero (VLO) announce its Q4 and full-year 2024 earnings?

Valero will announce its Q4 and full-year 2024 earnings on January 30, 2025, before the conference call at 10 a.m. ET.