LONDON, UK / ACCESSWIRE / August 4, 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 August 07, 2017. In order to capture the dividend payout, investors must purchase the stock a day (excluding the weekend) prior to the ex-dividend date that is by latest at the end of the trading session on August 04, 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 July 20, 2017, Valero Energy'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 September 07, 2017, to holders of record at the close of business on August 09, 2017.

Valero Energy's indicated dividend represents a yield of 4.07%, which is substantially higher compared with the average dividend yield of 2.38% for the Basic Materials sector. The Company has raised its cash dividend for 6 consecutive years.

Dividend Insights

Valero Energy has a dividend payout ratio of 68.5%, which means that the Company distributes approximately $0.69 for every $1.00 earned. The dividend payout ratio reflects how much money 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 Energy is forecasted to report earnings of $5.55, which is approximately double the Company's annualized dividend of $2.80.

As of June 30, 2017, Valero Energy had $8.5 billion of total debt and $5.2 billion of cash and temporary cash investments. The debt to capital ratio, net of $2.0 billion in cash, was 24%. The Company generated $1.8 billion of cash from operating activities in Q2 2017. The strong financial position indicates the Company's ability to absorb any fluctuations in earnings and cash flow and to sustain dividend distribution for a long period.

About the Company

Valero Energy, a Fortune 50 company, is an international manufacturer and marketer of transportation fuels and other petrochemical products. The Company is based in San Antonio, Texas, with approximately 10,000 employees. 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. The petroleum refineries are located in the United States, Canada and the United Kingdom, and the ethanol plants are located in the Mid-Continent region of the US. Valero Energy sells its products in both the wholesale rack and bulk markets, and approximately 7,400 outlets carry Valero Energy's brand names in the US, Canada, the UK, and Ireland.

Recent Development for Ameriprise Financial

On July 27, 2017, Valero Energy reported net income attributable to its stockholders of $548 million, or $1.23 per share, for Q2 2017 compared to $814 million, or $1.73 per share, for Q2 2016.

Valero Energy stated that it is targeting $2.7 billion of total capital investments in 2017, consisting of $1.1 billion for growth projects and $1.6 billion for sustaining the business. The Company expects the Diamond Green Diesel capacity expansion and the Houston alkylation unit construction to be completed in H1 2018 and 2019, respectively.

Stock Performance

At the closing bell, on Thursday, August 03, 2017, Valero Energy's stock ended the trading session flat at $68.50. A total volume of 3.33 million shares have exchanged hands. The Company's stock price soared 6.42% in the last three months, 4.71% in the past six months, and 25.21% in the previous twelve months. Moreover, the stock gained 0.26% since the start of the year. The stock is trading at a PE ratio of 15.09 and has a dividend yield of 4.09%. The stock currently has a market cap of $31.05 billion.

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