The Board of Directors of Valero Energy Corporation declared a regular quarterly cash dividend on the company’s common stock of $0.15 per share on Oct. 15.
The dividend is payable Dec. 9, 2009 to holders of record at the close of business on Nov. 11, 2009. The company also stated that if industry conditions do not improve measurably for 2010, its Board of Directors would evaluate a reduction in the amount of the company’s quarterly dividend payment.
Valero Energy Corporation is a Fortune 500 company based in San Antonio. The company owns and operates 16 refineries throughout the U.S., Canada and the Caribbean and has 5,800 retail and branded wholesale outlets in the U.S., Canada and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Ultramar, and Beacon brands.
Source: Business Wire