Valero Energy (NYSE: VLO) Increases Quarterly Dividend by 4.9%

Valero Energy Corporation (NYSE: VLO) has stated that its regular quarterly cash dividend on common stock will be raised by 4.9%. This means that the cash dividend rate will now be $4.28 per share per year. People who owned shares on February 1, 2024, and whose records are still valid will get the dividend on March 4, 2024. The ex-dividend date is January 31, 2024.

Valero Energy Corporation is a multinational company that makes and sells goods that are based on oil and have low carbon emissions. Since 1997, the company has paid dividends, and for 15 years in a row, the dividends have gone up.

Valero Energy has raised its income by an average of 1.3% a year over the last three years.
The company’s stable finances and dedication to giving back value to its owners are shown by the forward yield of 3.4%.

The Refining, Renewable Diesel, and Ethanol segments are how Valero Energy Corporation runs its business. The company will hold a conference call on January 25, 2024, at 10 a.m. ET to talk about earnings for the fourth quarter and the whole year of 2023 and give a report on how the business is running.

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If investors want to listen to the talk live online, they can go to Valero’s website. Valero Energy Corporation’s loyalty to its shareholders and its financial health are both shown by the rise in the dividend.

Focusing on eco-friendly and low-carbon products is good for the company’s future growth and success in the energy industry.