Valero Energy Partners (VLP) Raises Quarterly Dividend 5.4% to $0.2925; 2.6% Yield

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Go back to Valero Energy Partners (VLP) Raises Quarterly Dividend 5.4% to $0.2925; 2.6% Yield

Valero Energy Partners LP Increases Quarterly Cash Distribution by 5.4 Percent

July 24, 2015 11:29 AM EDT

SAN ANTONIO, July 24, 2015 /PRNewswire/ -- The Board of Directors of Valero Energy Partners GP LLC, the general partner of Valero Energy Partners LP (NYSE: VLP, the Partnership), has approved the Partnership's second quarter 2015 cash distribution of $0.2925 per unit.  This distribution represents a 5.4 percent increase over the Partnership's previous quarterly distribution.  The distribution is payable on August 11, 2015 to unitholders of record at the close of business on August 3, 2015.

This release is... More

Fitch Affirms Valero's Ratings at 'BBB'; Outlook Stable

July 23, 2015 12:29 PM EDT

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has affirmed Valero Energy Corporation's (Valero; NYSE: VLO) ratings as follows:

--Issuer Default Rating (IDR) at 'BBB';

--Unsecured credit facility at 'BBB';

--Senior unsecured debt including Industrial Revenue Bonds (IRBs) at 'BBB'.

A total of $7.42 billion in debt is affected by this rating action.

The Rating Outlook is Stable.

Valero's ratings reflect the company's size, scale and diversification, advantaged cost position that reflects growing access to discounted North American crudes and cheap shale gas, low mandatory capex requirements and strong free cash flow, higher distillate output following the completion of... More