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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Valero Energy Corporation (VLO) pays a $4.66 annual dividend ($1.20 quarterly), yielding 1.08% at $444.71/share. Next ex-dividend date 2026-07-31. 15 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.08%
Annual Dividend: $4.66 per share
Payout Ratio: 19.4%
Ex-Dividend Date: 2026-07-31
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 41
Valero Energy Corporation dividend investors are looking at a refining and fuel marketing giant that sells gasoline, diesel, jet fuel, and renewable diesel across the U.S., Canada, and internationally under brands including Valero, Diamond Shamrock, and Texaco. VLO currently yields 1.11%, with trailing twelve-month payments of $4.66 per share paid quarterly. The next ex-dividend date is July 31, 2026. A beta of 0.592 means VLO stock moves with less volatility than the broader market, which suits growth-and-income investors who want dividend expansion without extreme price swings.
Valero Energy Corporation pays out 19.4% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low retention of earnings means VLO retains the vast majority of its profits, leaving substantial room to sustain and grow the dividend even if refining margins compress. Valero Energy Corporation dividend safety benefits from this wide buffer, though the refining business is inherently tied to commodity cycles, and a sharp, sustained drop in crack spreads would pressure earnings and, by extension, the dividend's coverage.
Valero Energy Corporation dividend history shows a CAGR of 22.2% per year from 2011 to 2025. Per-share payments grew from $0.27 to $4.52 over that window (2026 data is partial and excluded from the CAGR calculation). The largest single-year jump was 116.7% in 2012, and the streak of consecutive annual increases now stands at 15 years.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +4.9% | $3.92 (2022) | $4.52 (2025) |
| 5-Year | +2.9% | $3.92 (2020) | $4.52 (2025) |
| 10-Year | +10.3% | $1.70 (2015) | $4.52 (2025) |
VLO fits growth-and-income investors who prioritize dividend expansion over immediate income, given that the current yield is low (below 2%) and sits well below the 5-year average yield of 2.83%. The gap between current and historical yield reflects how much the stock price has appreciated relative to the dividend. What investors get is a 22.2% annualized growth rate over 14 years and a 19.4% payout ratio that leaves the dividend with room to keep climbing. The trade-off is a starting yield that delivers modest current income, making VLO a better fit for investors with a longer time horizon than for those who need income today.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-31 | $1.2000 |
| 2026-05-21 | $1.2000 |
| 2026-02-05 | $1.2000 |
| 2025-11-20 | $1.1300 |
| 2025-07-31 | $1.1300 |
| 2025-05-20 | $1.1300 |
| 2025-01-30 | $1.1300 |
| 2024-11-20 | $1.0700 |
| 2024-08-01 | $1.0700 |
| 2024-05-30 | $1.0700 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.6000 |
| 2025 | $4.5200 |
| 2024 | $4.2800 |
| 2023 | $4.0800 |
| 2022 | $3.9200 |
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