Valero Boosts Dividend

(RTTNews) - Valero Energy Corp. (VLO) said Tuesday that its Board of Directors has approved an increase in the company's regular quarterly cash dividend on common stock from $0.25 per share to $0.275 per share, effective with the quarterly dividend the Board has declared to be payable on September 17 to shareholders of record on August 20.

"This is Valero's second increase in the regular cash dividend during 2014, and is a 37.5% increase since the start of 2013," said Joe Gorder, Valero CEO and President. "This increase reflects our belief in the earnings power of our business and our continued commitment to return cash to stockholders."