Valero Energy (VLO) Raises Quarterly Dividend 8.9% to $0.98; 4.4% Yield

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Go back to Valero Energy (VLO) Raises Quarterly Dividend 8.9% to $0.98; 4.4% Yield

Valero Energy Corporation Increases Regular Cash Dividend by Nine Percent

January 23, 2020 4:09 PM EST

SAN ANTONIO, Jan. 23, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Valero Energy Corporation (NYSE: VLO, Valero) has approved an increase in the companys regular quarterly cash dividend on common stock from $0.90 per share to $0.98 per share, effective with the quarterly dividend the Board has declared to be payable on March 4, 2020, to holders of record at the close of business on February 12, 2020. The increase in the dividend raises the annualized cash dividend rate on Valeros common stock to $3.92 per share.

As a reminder, Valero will host a conference call on January 30, 2020, at... More