Valvoline Declares Quarterly Dividend

Rhea-AI Summary

Valvoline Inc. (NYSE: VVV) announced a quarterly cash dividend of $0.113 per share, payable on September 15, 2020, to shareholders of record by August 31, 2020. This decision reflects the company's ongoing commitment to return value to its shareholders amidst its operations in over 140 countries. Valvoline, a leading provider of premium lubricants and automotive services, ranks as the No. 3 passenger car motor oil brand in the DIY market and operates approximately 1,400 quick-lube locations.

Positive

• Quarterly cash dividend of $0.113 per share announced, reinforcing shareholder value.
• Strong brand recognition established through over 150 years of operations.

Negative

• None.

LEXINGTON, Ky., July 23, 2020 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV) today announced that its board of directors declared a quarterly cash dividend of $0.113 per share of Valvoline common stock. The dividend is payable on September 15, 2020, to shareholders of record as of the close of business on August 31, 2020.

About Valvoline^TM

Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. Established in 1866, the company's heritage spans more than 150 years, during which time it has developed powerful brand recognition across multiple product and service channels. Valvoline ranks as the No. 3 passenger car motor oil brand in the DIY market by volume. It operates and franchises approximately 1,400 quick-lube locations, and it is the No. 2 chain by number of stores in the United States under the Valvoline Instant Oil Change^SM brand and the No. 3 chain by number of stores in Canada under the Valvoline Great Canadian Oil Change brand. It also markets Valvoline lubricants and automotive chemicals, including Valvoline High Mileage with MaxLife technology motor oil for engines over 75,000 miles; Valvoline Advanced Full Synthetic motor oil; Valvoline Premium Blue™ heavy-duty motor oil; Valvoline Multi-Vehicle Automatic Transmission Fluid; and Zerex™ antifreeze. To learn more, visit www.valvoline.com.

^TM Trademark, Valvoline or its subsidiaries, registered in various countries
^SM Service mark, Valvoline or its subsidiaries, registered in various countries

FOR FURTHER INFORMATION

Investor Relations
Sean T. Cornett
+1 (859) 357-2798
scornett@valvoline.com 

Media Relations
Michele Gaither Sparks
+1 (859) 221-9699
michele.sparks@valvoline.com

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SOURCE Valvoline Inc.

FAQ

What is Valvoline's dividend amount for September 2020?

Valvoline's dividend amount for September 2020 is $0.113 per share.

When is Valvoline's dividend payable?

Valvoline's dividend is payable on September 15, 2020.

What is the record date for Valvoline's dividend?

The record date for Valvoline's dividend is August 31, 2020.

How often does Valvoline pay dividends?

Valvoline pays dividends quarterly.

Is Valvoline's dividend sustainable?

The press release does not provide specific insights on the sustainability of Valvoline's dividend.