Valero Energy Increases Regular Quarterly Cash Dividend On Common Stock From $1.02 To $1.07 Per Share
Portfolio Pulse from Benzinga Newsdesk
Valero Energy has announced an increase in its regular quarterly cash dividend from $1.02 to $1.07 per share, payable on March 4, 2024, to shareholders of record as of February 1, 2024.
January 18, 2024 | 9:10 pm
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Valero Energy (VLO) has raised its quarterly dividend by $0.05, from $1.02 to $1.07 per share, indicating a strong financial position and commitment to returning value to shareholders.
Dividend increases are typically viewed positively by the market as they suggest a company is confident in its financial stability and future earnings. This increase in Valero's dividend may attract income-focused investors and could lead to a short-term uptick in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100