Valero Energy Corporation Announces $1.07 Cash Dividend
Valero Energy Corporation Announces Dividend Declaration
The Board of Directors of Valero Energy Corporation (NYSE: VLO), a key player in the energy sector, has announced a regular quarterly cash dividend of $1.07 per share on its common stock. This dividend reflects the company's ongoing commitment to returning value to its shareholders.
Dividend Payment Details
This dividend is scheduled to be paid on December 20 to shareholders who are on record as of the close of business on November 20. This approach underscores Valero's consistent performance and strategic financial management.
About Valero Energy Corporation
Valero Energy Corporation operates as a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels along with petrochemical products. The company sells its products in various markets, including the United States, Canada, the United Kingdom, Ireland, and Latin America.
Valero's Operational Excellence
With ownership of 15 petroleum refineries across the U.S., Canada, and the U.K., Valero boasts a robust throughput capacity of approximately 3.2 million barrels per day. It manages its operations through three primary segments: Refining, Renewable Diesel, and Ethanol. Furthermore, Valero's involvement as a joint venture member in Diamond Green Diesel Holdings LLC contributes significantly to its renewable energy initiatives. This joint venture oversees two renewable diesel plants in the U.S. Gulf Coast, capable of producing around 1.2 billion gallons per year.
Commitment to Renewable Energy
Valero’s strategic emphasis on renewable energy is evident through its 12 ethanol plants in the U.S. Mid-Continent region, which together can produce approximately 1.6 billion gallons of ethanol annually. This focus not only supports Valero's sustainability goals but also strengthens its position in the evolving energy landscape.
Valero's Shareholder Engagement
The declaration of the cash dividend is part of Valero's broader commitment to enhancing shareholder value. The company consistently evaluates its financial performance and market dynamics to ensure returns for its investors.
Conclusion
In summary, the recent announcement by Valero Energy Corporation (NYSE: VLO) regarding its $1.07 quarterly cash dividend is a testament to its solid financial health and dedication to its shareholders. As the company continues to innovate and expand its operational capacity, its focus on sustainable practices and financial transparency positions it well for future growth.
Frequently Asked Questions
What is the declared dividend per share by Valero Energy Corporation?
Valero Energy Corporation declared a regular quarterly cash dividend of $1.07 per share.
When will the dividend be paid?
The dividend will be paid on December 20, 2024, to shareholders on record by the close of business on November 20, 2024.
Where does Valero Energy Corporation operate?
Valero operates in the United States, Canada, the United Kingdom, Ireland, and Latin America.
What is Valero’s production capacity for renewable diesel?
Valero, through its joint venture, has a renewable diesel production capacity of approximately 1.2 billion gallons per year.
How many ethanol plants does Valero own?
Valero owns 12 ethanol plants located in the U.S. Mid-Continent region, with a combined production capacity of about 1.6 billion gallons per year.
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