Valvoline Declares Quarterly Dividend

Rhea-AI Summary

Valvoline Inc. (NYSE: VVV) announced a quarterly cash dividend of $0.125 per share, payable on March 15, 2021, to shareholders of record by February 26, 2021. This reflects the company’s commitment to returning value to shareholders amidst its operations in over 140 countries, where it ranks as a leading marketer and supplier of premium lubricants. Valvoline's heritage of over 150 years has established strong brand recognition, particularly in the DIY market, where it holds the No. 3 position in passenger car motor oil by volume.

Positive

• Quarterly cash dividend of $0.125 per share indicates strong cash flow and shareholder return.
• Established brand recognition and leading market position in the automotive lubricants sector.

Negative

• None.

LEXINGTON, Ky., Jan. 28, 2021 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV) today announced that its board of directors declared a quarterly cash dividend of $0.125 per share of Valvoline common stock. The dividend is payable on March 15, 2021, to shareholders of record as of the close of business on Feb. 26, 2021.

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 nearly 1,500 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

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

Michele Gaither Sparks
Sr. Director, Corporate Communications
+1 (859) 221-9699
michele.sparks@valvoline.com

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SOURCE Valvoline Inc.

FAQ

When is Valvoline's next dividend payment?

Valvoline's next dividend payment is scheduled for March 15, 2021.

What is the amount of Valvoline's quarterly dividend?

Valvoline's quarterly cash dividend is $0.125 per share.

Who qualifies for Valvoline's dividend?

Shareholders of record as of February 26, 2021, will qualify for Valvoline's dividend.