Valero Services Inc : Valero Energy Corporation Increases Dividend on Common
SAN ANTONIO, January 23, 2013 - The Board of Directors of Valero Energy
Corporation ("Valero", NYSE:VLO) has approved an increase in the company's
regular quarterly cash dividend on common stock from $0.175 per share to $0.20
per share, effective with the quarterly dividend the Board has declared to be
payable on March 13, 2013 to holders of record at the close of business on
February 13, 2013. The increase in the dividend raises the annualized dividend
rate on the company's common stock to $0.80 per common share.
"This dividend increase reflects our positive outlook for Valero and our
commitment to return more cash to shareholders," said Valero Chairman and CEO
As a reminder, Valero will host a conference call on January 29, 2013 at 10:00
a.m. CT to discuss fourth quarter and full-year earnings results, which will
be released earlier that day, and provide an update on company operations.
Persons interested in listening to the presentation live via the internet may
log on to Valero's web site at www.valero.com.
Valero Energy Corporation, through its subsidiaries, is an international
manufacturer and marketer of transportation fuels, other petrochemical
products and power. Valero subsidiaries employ approximately 22,000 people,
and assets include 16 petroleum refineries with a combined throughput capacity
of approximately 3 million barrels per day, 10 ethanol plants with a combined
production capacity of 1.2 billion gallons per year, and a 50-megawatt wind
farm. Approximately 6,800 retail and branded wholesale 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.
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," 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 Securities and Exchange
Commission and on Valero's website at www.valero.com.
Investors: Ashley Smith, Vice President - Investor Relations, 210-345-2744
Media: Bill Day, Executive Director - Corporate Communications, 210-345-2928
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Valero Services Inc via Thomson Reuters ONE
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