Valero raises quarterly dividend to $1.02 per share from 98c

The Board of Directors of Valero Energy Corporation has approved an increase in the company’s regular quarterly cash dividend on common stock from 98c per share to $1.02 per share. The dividend is payable on March 16, 2023 to holders of record at the close of business on February 14, 2023. The increase in the dividend raises the annualized cash dividend rate on Valero’s common stock to $4.08 per share.