LONDON, UK / ACCESSWIRE / November 17, 2017 / Pro-Trader Daily takes a closer look at Valero Energy Corp. (NYSE: VLO) as the Company's stock will begin trading ex-dividend on November 20, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on November 17, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On November 01, 2017, Valero's Board of Directors declared a regular quarterly cash dividend on the Company's common stock of $0.70 per share. The dividend is payable on December 12, 2017, to holders of record at the close of business on November 21, 2017.

Valero's indicated dividend represents a yield of 3.44%, which is substantially ahead of the average dividend yield of 2.43 for the Basic Materials sector. The Company has raised dividend for six consecutive years.

Dividend Insights

Valero has a dividend payout ratio of 58.0%, which indicates that the Company spends approximately $0.58 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Valero is forecasted to report earnings of $6.19 for the next year, which is more than double the Company's annualized dividend of $2.80 per share.

Valero ended the three months period ending September 30, 2017, with $8.5 billion of total debt and $5.2 billion of cash and temporary cash investments. The Company's debt to capital ratio, net of $2.0 billion in cash, was 24%. Valero generated approximately $1 billion of net cash from operating activities in Q3 2017, including negative impact from a $315 million increase in working capital. Excluding the change in working capital, net cash generated was approximately $1.4 billion. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Valero

On November 07, 2017, Darling Ingredients Inc. and Valero announced that in anticipation of growing demand for renewable diesel due to the Renewable Fuel Standard (RFS) and global low carbon markets, they will initiate an engineering and construction cost review to analyze an additional project growing annual production capacity to 550 million gallons at the Diamond Green Diesel (DGD) facility in Norco, LA.

The DGD facility is currently undergoing an expansion project that will increase its annual production capacity from 160 million gallons of renewable diesel to 275 million gallons and is projected to be completed in Q2 2018. The Companies will take a final decision on the incremental 275 million gallons of annual production capacity in 2018 based on further engineering and cost estimates as well as the status of government regulations. If a decision is made to proceed with the proposed expansion, the new capacity would be available in H1 2021.

About Valero Energy Corp.

Valero, a Fortune 50 Company, is an international manufacturer and marketer of transportation fuels and other petrochemical products. Based in San Antonio, Texas, with approximately 10,000 employees, the Company is an independent petroleum refiner and ethanol producer, and its assets include 15 petroleum refineries with a combined throughput capacity of approximately 3.1 million barrels per day and 11 ethanol plants with a combined production capacity of 1.4 billion gallons per year. Valero sells its products in both the wholesale rack and bulk markets, and approximately 7,400 outlets carry Valero's brand names in the US, Canada, the UK and Ireland.

Stock Performance

On Thursday, November 16, 2017, the stock closed the trading session at $82.12, slightly advancing 0.79% from its previous closing price of $81.48. A total volume of 4.31 million shares have exchanged hands, which was higher than the 3-month average volume of 3.67 million shares. Valero Energy's stock price surged 26.83% in the last three months, 28.57% in the past six months, and 29.06% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 20.20%. The stock is trading at a PE ratio of 17.82 and has a dividend yield of 3.41%. At Thursday's closing price, the stock's net capitalization stands at $36.23 billion.

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