Valvoline (VVV) Raises Quarterly Dividend 42.3% to $0.106; 2.1% Yield

Valvoline (NYSE: VVV) declared a quarterly dividend of $0.106 per share, or $0.424 annualized. This is a 42.3% increase from the prior dividend of $0.0745. The dividend will be payable on December 17, 2018, to stockholders of record on November 30, 2018, with an ex-dividend date of November 29, 2018. The annual yield on the dividend is 2.1 percent.

"Valvoline's business model — which produces strong profitability and stable earnings, combined with consistent free cash flow generation — allows us to both invest back into the business for growth while also returning cash to shareholders," said Sam Mitchell, chief executive officer. "The significant increase in our dividend demonstrates our continued commitment to maintaining a balanced approach to creating shareholder value."

For a dividend history and other dividend-related data on Valvoline (VVV) click here.

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