News Column

Valero Energy Corporation Increases Regular Cash Dividend on Common Stock

August 15, 2014

By a News Reporter-Staff News Editor at Energy Weekly News -- The Board of Directors of Valero Energy Corporation (NYSE: VLO, "Valero") has approved an increase in the company's regular quarterly cash dividend on common stock from $0.25 per share to $0.275, effective with the quarterly dividend the Board has declared to be payable on September 17, 2014 to holders of record at the close of business on August 20, 2014. The increase in the dividend raises the annualized cash dividend rate on Valero's common stock to $1.10 per share.

"This is Valero's second increase in the regular cash dividend during 2014, and is a 37.5% increase since the start of 2013," said Joe Gorder, Valero CEO and President. "This increase reflects our belief in the earnings power of our business and our continued commitment to return cash to stockholders."

Keywords for this news article include: Oil & Gas, Valero Energy Corporation.

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Source: Energy Weekly News

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