SAN ANTONIO, Jan. 21, 2016 /PRNewswire/ -- The Board of
Directors of Valero Energy Corporation (NYSE: VLO, "Valero") has
approved an increase in the company's regular quarterly cash
dividend on common stock from $0.50
per share to $0.60 per share,
effective with the quarterly dividend the Board has declared to be
payable on March 3, 2016 to holders
of record at the close of business on February 9, 2016. The increase in the
dividend raises the annualized cash dividend rate on Valero's
common stock to $2.40 per share.
As a reminder, Valero will host a conference call on
January 28, 2016 at 11 a.m. ET to discuss fourth quarter and full
year 2015 earnings results, which will be released earlier that
day, and to provide an update on company operations and strategy.
Persons interested in listening to the presentation live via
the Internet may log on to Valero's website at www.valero.com.
About Valero
Valero Energy Corporation, through its
subsidiaries, is an international manufacturer and marketer of
transportation fuels, other petrochemical products and power.
Valero subsidiaries employ approximately 10,000 people, and its
assets include 15 petroleum refineries with a combined throughput
capacity of approximately 3.0 million barrels per day, 11 ethanol
plants with a combined production capacity of 1.3 billion gallons
per year, a 50-megawatt wind farm, and renewable diesel production
from a joint venture. Through subsidiaries, Valero owns the general
partner of Valero Energy Partners LP (NYSE: VLP), a midstream
master limited partnership. Approximately 7,400 outlets carry
the Valero, Diamond Shamrock, Shamrock, and Beacon brands in
the United States and the
Caribbean; Ultramar in
Canada; and Texaco in the
United Kingdom and Ireland.
Valero is a Fortune 500 company based in San Antonio. Please visit www.valero.com for
more information.
Valero Contacts
Investors:
John Locke, Vice President –
Investor Relations, 210-345-3077
Karen Ngo, Manager – Investor
Relations, 210-345-4574
Media:
Steve Lee, Manager – Corporate
Communications, 210-345-4137
To download our investor relations mobile app, which offers
access to SEC filings, press releases, quotes, and upcoming events,
please visit Apple's iTunes App
Store for your iPhone and iPad or Google's Play Store for
your Android mobile device.
Safe-Harbor Statement
Statements contained in this release that state the company's or
management's expectations or predictions of the future are
forward-looking statements intended to be covered by the safe
harbor provisions of the Securities Act of 1933 and the Securities
Exchange Act of 1934. The words "believe," "expect,"
"should," "estimates," "intend," and other similar expressions
identify forward-looking statements. It is important to note
that actual results could differ materially from those projected in
such forward-looking statements. For more information
concerning factors that could cause actual results to differ from
those expressed or forecasted, see Valero's annual reports on Form
10-K and quarterly reports on Form 10-Q, filed with the SEC and on
Valero's website at www.valero.com, and VLP's annual reports on
Form 10-K and quarterly reports on Form 10-Q, filed with the SEC
and on VLP's website at www.valeroenergypartners.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/valero-energy-corporation-increases-regular-cash-dividend-by-20-percent-300208135.html
SOURCE Valero Energy Corporation