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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Valero Energy Corporation (VLO) pays a $4.73 annual dividend ($1.20 quarterly), yielding 1.28% at $370.72/share. Next ex-dividend date 2026-07-31. 15 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.28%
Annual Dividend: $4.73 per share
Payout Ratio: 19.5%
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 marketing giant that processes roughly 3.2 million barrels of crude oil daily across 15 refineries in the U.S., Canada, the U.K., and Ireland. VLO currently pays a $4.73 annual dividend per share, with quarterly payments and the next ex-dividend date set for July 31, 2026. The current yield stands at 1.28%. With a beta of 0.568, VLO stock moves well below the broader market's volatility, which suits investors who want dividend growth without sharp price swings.
Valero Energy Corporation pays out 19.5% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low retention of earnings relative to the dividend means the payout has substantial room to absorb earnings pressure before a cut becomes necessary. Valero Energy Corporation dividend safety is further supported by the breadth of its product slate, which spans conventional gasoline, ultra-low-sulfur diesel, jet fuel, and renewable diesel, giving the company exposure across multiple fuel categories. The primary risk is that refining margins are cyclical, and a sustained compression in crack spreads would directly reduce the earnings base that supports the current payout.
Valero Energy Corporation dividend history shows a CAGR of 21.4% per year from 2011 to 2025. The per-share annual dividend grew from $0.30 to $4.52 over that period (2026 is a partial year and excluded from the growth calculation). The largest single-year jump was 116.7% in 2012, while more recent increases have been measured, with the 2024-to-2025 step representing a 5.6% gain.
| 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 want a rising dividend from a large-scale refining operation rather than a high starting yield. The current yield of 1.28% is low (below 2%), and it sits above the 5-year average of 1.12%, so the income entry point is modestly better than recent norms. Fifteen consecutive years of dividend increases and a 21.4% CAGR over the 2011-2025 window are the defining strengths here. The trade-off is straightforward: the current income is thin, and the payout is tied to refining margins that move with commodity cycles. What an investor gets is a fast-growing dividend backed by a conservative 19.5% payout ratio; what they accept is a yield that does not satisfy near-term income needs.
| 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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