Valero Energy Corporation (NYSE:VLO) Declares Dividend Increase – $1.20 Per Share

Valero Energy Corporation (NYSE:VLO) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Thursday, February 5th will be given a dividend of 1.20 per share by the oil and gas company on Monday, March 9th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. 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 raised its dividend 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 45.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Valero Energy to earn $10.45 per share next year, which means the company should continue to be able to cover its $4.52 annual dividend with an expected future payout ratio of 43.3%.

Valero Energy Stock Down 0.7%

NYSE:VLO opened at $186.92 on Friday. Valero Energy has a 52 week low of $99.00 and a 52 week high of $193.33. The stock’s fifty day moving average is $174.62 and its two-hundred day moving average is $162.20. The stock has a market capitalization of $57.01 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 1.12 and a beta of 0.77. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The firm had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. During the same quarter in the previous year, the business earned $1.14 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts anticipate that Valero Energy will post 7.92 EPS for the current 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.