By Connor Hart
Valero Energy raised its dividend to $1.13 a share from $1.07.
The new dividend, equal to $4.52 a year, represents an annual yield of about 3.2% based on Thursday's closing price of $139.37.
The San Antonio-based oil refiner said the higher dividend will be paid March 3 to shareholders of record as of Jan. 30.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
January 16, 2025 18:13 ET (23:13 GMT)
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