Valero Energy Corporation (NYSE:VLO) Shares Set to Pay Quarterly Dividend of $1.20

Valero Energy Corporation (NYSE:VLO) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, November 24th will be paid a dividend of $1.20 per share by the oil and gas company on Monday, December 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, November 24th.

Valero Energy has a payout ratio of 48.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Valero Energy to earn $53.01 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 9.1%.

Valero Energy Stock Performance

NYSE:VLO opened at $386.77 on Wednesday. The stock has a fifty day moving average price of $394.93 and a two-hundred day moving average price of $281.98. The stock has a market capitalization of $111.36 billion, a price-to-earnings ratio of 8.70 and a beta of 0.59. Valero Energy has a 1 year low of $159.90 and a 1 year high of $461.52.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, beating analysts’ consensus estimates of $21.17 by $2.73. The business had revenue of $46.10 billion during the quarter, compared to analyst estimates of $42.71 billion. During the same period last year, the business posted $3.66 EPS. Valero Energy’s revenue was up 43.3% compared to the same quarter last year. On average, analysts predict that Valero Energy will post 56.78 EPS for the current year.

About Valero Energy

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.