Tuesday Is Your Last Chance To Buy Valero Energy Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Valero Energy (NYSE:VLO) has announced a quarterly dividend of $1.02 per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 05, 2023.
July 28, 2023 | 2:46 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Valero Energy's stock is expected to trade lower on Wednesday due to the ex-dividend date. The company's dividend payout could attract more investors, potentially increasing the stock's demand.
The ex-dividend date typically results in a decrease in the stock's price equivalent to the dividend amount. However, the announcement of a dividend payout can also attract more investors, potentially increasing the demand for the stock. The net effect on the stock's price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100