Valero Energy (VLO) Dividend
Valero Energy Corporation · Energy · Oil & Gas Refining & Marketing · quarterly payer
As of Nov 5, 2026, Valero Energy (VLO) pays a quarterly dividend of $1.20 per share, or $4.80 a year, a 1.31% yield at its $364.23 share price. The next ex-dividend date is Nov 24, 2026, paid Dec 21, 2026. It has raised its dividend 3 years in a row and has a dividend safety grade of A.
Forward Yield
1.31%
Annual Dividend
$4.80
Payout Ratio
11%
5-Yr Growth
2.9%
Ex-Date
Nov 24, 2026
Frequency
Quarterly
Key facts about VLO's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Valero Energy Corporation (VLO) has a forward dividend yield of 1.31%, based on an annual dividend of $4.80 per share and a share price of $364.23.
- As of Nov 5, 2026, VLO's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Valero Energy Corporation (VLO) has raised its dividend for 3 consecutive years as of Nov 5, 2026.
- VLO last cut its regular dividend in 2010.
- VLO's next ex-dividend date is Nov 24, 2026, with payment on Dec 21, 2026. Shares must be owned before that date to receive the dividend.
- As of Nov 5, 2026, VLO pays out 11% of its trailing 12-month earnings as dividends (its payout ratio).
- VLO's dividend has grown at an average rate of 2.9% a year over the past five years.
- As of Nov 5, 2026, VLO's 1.31% yield is 64% below its five-year average yield of 3.64%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for VLO is $356.23 per share, 2% below the $364.23 share price, so VLO screens as fairly valued.
- Valero Energy Corporation (VLO) pays its dividend quarterly, 4 times a year.
- Valero Energy Corporation (VLO) has raised its regular dividend 33 times and cut it 2 times across the 162 payments on record since 1982. Its most recent change was a 6.2% increase to $1.20 per share, going ex-dividend on Feb 5, 2026. The last cut went ex-dividend on Feb 12, 2010.
- Valero Energy (VLO) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 6.2%, was declared on Jan 22, 2026.
Cite this page
SmarterDividends, "VLO Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/VLO
Is VLO a good dividend stock?
YesValero Energy Corporation (VLO) pays a quarterly dividend yielding 1.31% ($4.80/yr), with 3 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (11%)
- 497% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2010
Key Data
- Dividend Yield
- 1.31%
- Payout Ratio
- 11%
- Annual Dividend
- $4.80
- 5-Yr Avg Growth
- 2.9%
- Ex-Dividend Date
- Nov 24, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 0.55
- Market Cap
- $101.6B
- P/E Ratio
- 8.3
- 5-Yr Total Return
- 497%
- 52-Week Range
- $159.90 – $461.52
- Dividend Safety
- A · 89/100
- Ever Cut?
- Yes (2010)
VLO dividend raises and cuts
Valero Energy Corporation (VLO) has raised its regular dividend 33 times and cut it 2 times across the 162 payments on record since 1982. Its most recent change was a 6.2% increase to $1.20 per share, going ex-dividend on Feb 5, 2026. The last cut went ex-dividend on Feb 12, 2010.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 5, 2026 | Raise | $1.13 → $1.20 | +6.2% |
| Jan 30, 2025 | Raise | $1.07 → $1.13 | +5.6% |
| Jan 31, 2024 | Raise | $1.02 → $1.07 | +4.9% |
| Feb 13, 2023 | Raise | $0.980 → $1.02 | +4.1% |
| Feb 11, 2020 | Raise | $0.900 → $0.980 | +8.9% |
| Feb 12, 2019 | Raise | $0.800 → $0.900 | +12.5% |
| Feb 12, 2018 | Raise | $0.700 → $0.800 | +14.3% |
| Feb 13, 2017 | Raise | $0.600 → $0.700 | +16.7% |
| Feb 5, 2016 | Raise | $0.500 → $0.600 | +20.0% |
| Nov 19, 2015 | Raise | $0.400 → $0.500 | +25.0% |
| Feb 9, 2015 | Raise | $0.275 → $0.400 | +45.5% |
| Aug 18, 2014 | Raise | $0.250 → $0.275 | +10.0% |
Show all 35 changes since 1982
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 10, 2014 | Raise | $0.225 → $0.250 | +11.1% |
| Aug 12, 2013 | Raise | $0.200 → $0.225 | +12.5% |
| May 20, 2013 | Raise | $0.183 → $0.200 | +9.4% |
| Feb 11, 2013 | Raise | $0.160 → $0.183 | +14.3% |
| Aug 13, 2012 | Raise | $0.137 → $0.160 | +16.7% |
| Nov 14, 2011 | Raise | $0.0457 → $0.137 | +200.0% |
| Feb 12, 2010 | Cut | $0.137 → $0.0457 | −66.7% |
| May 23, 2008 | Raise | $0.110 → $0.137 | +25.0% |
| Feb 12, 2007 | Raise | $0.0731 → $0.110 | +50.0% |
| May 15, 2006 | Raise | $0.0548 → $0.0731 | +33.3% |
| Feb 13, 2006 | Raise | $0.0457 → $0.0548 | +20.0% |
| May 16, 2005 | Raise | $0.0366 → $0.0457 | +25.0% |
| Nov 8, 2004 | Raise | $0.0343 → $0.0366 | +6.7% |
| May 17, 2004 | Raise | $0.0274 → $0.0343 | +25.0% |
| Nov 7, 2003 | Raise | $0.0229 → $0.0274 | +20.0% |
| Nov 9, 2001 | Raise | $0.0183 → $0.0229 | +25.0% |
| Aug 14, 1997 | Cut | $0.0297 → $0.0183 | −38.5% |
| Oct 26, 1993 | Raise | $0.0251 → $0.0297 | +18.2% |
| May 12, 1992 | Raise | $0.0206 → $0.0251 | +22.2% |
| Apr 30, 1991 | Raise | $0.0160 → $0.0206 | +28.6% |
| Apr 24, 1990 | Raise | $0.0114 → $0.0160 | +40.0% |
| Nov 3, 1983 | Raise | $0.0229 → $0.0251 | +10.0% |
| Nov 5, 1982 | Raise | $0.0183 → $0.0229 | +25.0% |
Frequently Asked Questions
Is VLO a good dividend stock?
Yes. Valero Energy Corporation (VLO) pays a quarterly dividend yielding 1.31% ($4.80/yr), with 3 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is VLO undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, VLO's fair value is about $356.23 versus a $364.23 share price — so it looks fairly valued (-2% vs. fair value).
Is VLO's dividend safe?
VLO has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2010, debt and yield-versus-history.
What is VLO's fair value?
Our blended fair-value estimate for VLO is about $356.23 per share, about 2% below the current $364.23 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is VLO a buy, hold, or sell?
We don't issue formal ratings, but on the data VLO screens as "yes" and fairly valued. Valero Energy Corporation (VLO) pays a quarterly dividend yielding 1.31% ($4.80/yr), with 3 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will VLO cut its dividend?
VLO earns a dividend-safety grade of A (89/100), and has cut its dividend before (last in 2010). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does VLO pay a dividend?
Yes. Valero Energy Corporation pays a quarterly dividend of about $4.80 per share annually, a forward yield of roughly 1.31%.
How much dividend does 100 shares of VLO pay?
At $4.80 per share a year, 100 shares of VLO pay $480.00 a year in dividends before tax, about $120.00 each quarter. Buying them costs about $36,423 at the Nov 5, 2026 price.
What is VLO's dividend yield?
As of Nov 5, 2026, VLO's forward dividend yield is 1.31%, based on a $4.80 annual dividend and a $364.23 share price.
What is VLO's dividend per share?
As of Nov 5, 2026, VLO pays $4.80 per share per year, distributed on a quarterly basis.
What is VLO's dividend payout ratio?
As of Nov 5, 2026, VLO's payout ratio is 11% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has VLO grown its dividend?
As of Nov 5, 2026, VLO has increased its dividend for 3 consecutive years.
When is the next VLO ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for VLO is Nov 24, 2026.
VLO Price — Last 12 Months
Daily close
Price Return
1 Year
+126%
3 Years
+219%
5 Years
+497%
52-Week Range
$159.90 – $461.52
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is VLO worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Valero Energy Corporation is $356.23 per share, versus a market price of $364.23. That implies the stock is roughly fairly priced.
Fair Value
$356.23
Current Price
$364.23
Gap
-2%
Margin of Safety
-2%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 1.6% annual free-cash-flow growth. We model 0.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $43.97 EPS, $4.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
VLO Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full VLO dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 31, 2026 | Aug 31, 2026 | $1.2000 | regular |
| May 21, 2026 | Jun 23, 2026 | $1.2000 | regular |
| Feb 5, 2026 | Mar 9, 2026 | $1.2000 | regular |
| Nov 20, 2025 | Dec 18, 2025 | $1.1300 | regular |
| Jul 31, 2025 | Sep 2, 2025 | $1.1300 | regular |
| May 20, 2025 | Jun 18, 2025 | $1.1300 | regular |
| Jan 30, 2025 | Mar 3, 2025 | $1.1300 | regular |
| Nov 20, 2024 | Dec 20, 2024 | $1.0700 | regular |
| Aug 1, 2024 | Sep 3, 2024 | $1.0700 | regular |
| May 30, 2024 | Jun 28, 2024 | $1.0700 | regular |
| Jan 31, 2024 | Mar 4, 2024 | $1.0700 | regular |
| Nov 16, 2023 | Dec 20, 2023 | $1.0200 | regular |
| Aug 2, 2023 | Sep 5, 2023 | $1.0200 | regular |
| May 22, 2023 | Jun 22, 2023 | $1.0200 | regular |
Income Calculator
At $4.80 / yr per share
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