Valero Energy Corporation (VLO) to Issue Quarterly Dividend of $1.20 on March 9th

Valero Energy Corporation (NYSE:VLO) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Thursday, February 5th will be paid a dividend of 1.20 per share by the oil and gas company on Monday, March 9th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, February 5th. This is a 6.2% increase from Valero Energy’s previous quarterly dividend of $1.13.

Valero Energy has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. Valero Energy has a payout ratio of 48.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Valero Energy to earn $10.45 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 45.9%.

Valero Energy Stock Performance

Valero Energy stock opened at $180.07 on Tuesday. Valero Energy has a fifty-two week low of $99.00 and a fifty-two week high of $194.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. The stock has a market cap of $54.92 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 0.99 and a beta of 0.77. The firm’s fifty day moving average price is $175.36 and its 200-day moving average price is $164.11.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, January 29th. The oil and gas company reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.55. Valero Energy had a return on equity of 12.34% and a net margin of 1.91%.The business had revenue of $30.37 billion for the quarter, compared to analysts’ expectations of $28.20 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that Valero Energy will post 7.92 earnings per share for the current fiscal year.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.