Valero Energy (VLO) Declares $0.40 Quarterly Dividend; 2.4% Yield; Adds $2.5B to Common Stock Buyback

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Valero Energy Corporation Declares Regular Cash Dividend on Common Stock and Announces Additional Share Repurchase Authorization

July 13, 2015 4:55 PM EDT

SAN ANTONIO, July 13, 2015 /PRNewswire/ -- The Board of Directors of Valero Energy Corporation (NYSE: VLO, "Valero") has declared a regular quarterly cash dividend on the company's common stock of $0.40 per share.  The dividend is payable on September 2, 2015 to holders of record at the close of business on August 4, 2015.

The Board of Directors also approved an incremental $2.5 billion share repurchase authorization. Valero has approximately $400 million of repurchase authority available under its previously... More