Current Yield
1.73%
TTM Dividend/Share
$4.66
Payment Frequency
Quarterly
Payout Ratio
33.8%
Consecutive Growth Years
4
Key takeaways
- Valero Energy (VLO) has raised its dividend for 4 consecutive years.
- Valero Energy (VLO) currently yields 1.73%, paying $4.66 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 33.8% — the share of earnings distributed as dividends.
- 7 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 2.89%.
Dividend yield valuation for Valero Energy (VLO)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Below average — potentially overvalued |
Current yield (now) | 1.73% |
1-year average yield | 2.79%now 1.06 pp below |
3-year average yield | 3.15%now 1.42 pp below |
5-year average yield | 3.56%now 1.83 pp below |
VLO: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Valero Energy (VLO)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 4.6% |
FCF payout ratio | 6.1% |
Net debt / EBITDA | 0.6x |
Interest coverage | 10.40x |
ROIC (TTM) | 13.2% |
Dividend safety score for Valero Energy (VLO)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
7 of 8 checks passed
Payout ratio below 75%
Payout ratio is 33.8%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $4.5B — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 4 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 6.1%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.6x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (2.9%) ≤ EPS growth (34.0%) — sustainable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
161 payments from 1982 to 2026 · Adj. Dividend is split-adjusted
| May 21, 2026 | Jun 23, 2026 | $1.2000 | $1.2000 |
| Feb 5, 2026 | Mar 9, 2026 | $1.2000 | $1.2000 |
| Nov 20, 2025 | Dec 18, 2025 | $1.1300 | $1.1300 |
| Jul 31, 2025 | Sep 2, 2025 | $1.1300 | $1.1300 |
| May 20, 2025 | Jun 18, 2025 | $1.1300 | $1.1300 |
| Jan 30, 2025 | Mar 3, 2025 | $1.1300 | $1.1300 |
| Nov 20, 2024 | Dec 20, 2024 | $1.0700 | $1.0700 |
| Aug 1, 2024 | Sep 3, 2024 | $1.0700 | $1.0700 |
| May 30, 2024 | Jun 28, 2024 | $1.0700 | $1.0700 |
| Jan 31, 2024 | Mar 4, 2024 | $1.0700 | $1.0700 |
| Nov 16, 2023 | Dec 20, 2023 | $1.0200 | $1.0200 |
| Aug 2, 2023 | Sep 5, 2023 | $1.0200 | $1.0200 |
- May 21, 2026$1.2000
- Feb 5, 2026$1.2000
- Nov 20, 2025$1.1300
- Jul 31, 2025$1.1300
- May 20, 2025$1.1300
- Jan 30, 2025$1.1300
- Nov 20, 2024$1.0700
- Aug 1, 2024$1.0700
- May 30, 2024$1.0700
- Jan 31, 2024$1.0700
- Nov 16, 2023$1.0200
- Aug 2, 2023$1.0200
Historical dividend yield for Valero Energy (VLO)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 2.79%5Y: 3.56%10Y: 3.95%
Dividend per share for Valero Energy (VLO)
CAGR (per year)1Y: 5.61%5Y: 2.89%10Y: 10.27%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 1982 | $0.08 | 4 |
| 1983 | $0.09 | 4 |
| 1984 | $0.08 | 3 |
| 1989 | $0.03 | 3 |
| 1990 | $0.06 | 4 |
| 1991 | $0.08 | 4 |
| 1992 | $0.10 | 4 |
| 1993 | $0.11 | 4 |
| 1994 | $0.12 | 4 |
| 1995 | $0.12 | 4 |
| 1996 | $0.12 | 4 |
| 1997 | $3.24 | 5 |
| 1998 | $0.07 | 4 |
| 1999 | $0.07 | 4 |
| 2000 | $0.07 | 4 |
| 2001 | $0.08 | 4 |
| 2002 | $0.09 | 4 |
| 2003 | $0.10 | 4 |
| 2004 | $0.13 | 4 |
| 2005 | $0.17 | 4 |
| 2006 | $0.27 | 4 |
| 2007 | $0.44 | 4 |
| 2008 | $0.52 | 4 |
| 2009 | $0.55 | 4 |
| 2010 | $0.18 | 4 |
| 2011 | $0.27 | 4 |
| 2012 | $0.59 | 4 |
| 2013 | $0.83 | 4 |
| 2014 | $1.05 | 4 |
| 2015 | $1.70 | 4 |
| 2016 | $2.40 | 4 |
| 2017 | $2.80 | 4 |
| 2018 | $3.20 | 4 |
| 2019 | $3.60 | 4 |
| 2020 | $3.92 | 4 |
| 2021 | $3.92 | 4 |
| 2022 | $3.92 | 4 |
| 2023 | $4.08 | 4 |
| 2024 | $4.28 | 4 |
| 2025 | $4.52 | 4 |
| 2026 | $2.40 | 2 |
Dividend growth for Valero Energy (VLO)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $4.5200 | — | — |
| 2025 | $4.2800 | $4.5200 | +5.6% |
| 2024 | $4.0800 | $4.2800 | +4.9% |
| 2023 | $3.9200 | $4.0800 | +4.1% |
| 2022 | $3.9200 | $3.9200 | 0.0% |
| 2021 | $3.9200 | $3.9200 | 0.0% |
| 2020 | $3.6000 | $3.9200 | +8.9% |
| 2019 | $3.2000 | $3.6000 | +12.5% |
| 2018 | $2.8000 | $3.2000 | +14.3% |
| 2017 | $2.4000 | $2.8000 | +16.7% |
| 2016 | $1.7000 | $2.4000 | +41.2% |
| 2015 | $1.0500 | $1.7000 | +61.9% |
| 2014 | $0.8328 | $1.0500 | +26.1% |
| 2013 | $0.5941 | $0.8328 | +40.2% |
| 2012 | $0.2742 | $0.5941 | +116.7% |
| 2011 | $0.1828 | $0.2742 | +50.0% |
| 2010 | $0.5484 | $0.1828 | -66.7% |
| 2009 | $0.5210 | $0.5484 | +5.3% |
| 2008 | $0.4388 | $0.5210 | +18.7% |
| 2007 | $0.2742 | $0.4388 | +60.0% |
| 2006 | $0.1737 | $0.2742 | +57.9% |
| 2005 | $0.1325 | $0.1737 | +31.0% |
| 2004 | $0.0960 | $0.1325 | +38.1% |
| 2003 | $0.0914 | $0.0960 | +5.0% |
| 2002 | $0.0777 | $0.0914 | +17.6% |
| 2001 | $0.0731 | $0.0777 | +6.2% |
| 2000 | $0.0731 | $0.0731 | 0.0% |
| 1999 | $0.0731 | $0.0731 | 0.0% |
| 1998 | $3.2381 | $0.0731 | -97.7% |
| 1997 | $0.1188 | $3.2381 | +2625.0% |
| 1996 | $0.1188 | $0.1188 | 0.0% |
| 1995 | $0.1188 | $0.1188 | 0.0% |
| 1994 | $0.1051 | $0.1188 | +13.0% |
| 1993 | $0.0960 | $0.1051 | +9.5% |
| 1992 | $0.0777 | $0.0960 | +23.5% |
| 1991 | $0.0594 | $0.0777 | +30.8% |
| 1990 | $0.0343 | $0.0594 | +73.3% |
| 1989 | $0.0754 | $0.0343 | -54.5% |
| 1984 | $0.0937 | $0.0754 | -19.5% |
| 1983 | $0.0777 | $0.0937 | +20.6% |
| 1982 | — | $0.0777 | — |
- 2026—
- 2025$4.5200
- 2024$4.2800
- 2023$4.0800
- 2022$3.9200
- 2021$3.9200
- 2020$3.9200
- 2019$3.6000
- 2018$3.2000
- 2017$2.8000
- 2016$2.4000
- 2015$1.7000
- 2014$1.0500
- 2013$0.8328
- 2012$0.5941
- 2011$0.2742
- 2010$0.1828
- 2009$0.5484
- 2008$0.5210
- 2007$0.4388
- 2006$0.2742
- 2005$0.1737
- 2004$0.1325
- 2003$0.0960
- 2002$0.0914
- 2001$0.0777
- 2000$0.0731
- 1999$0.0731
- 1998$0.0731
- 1997$3.2381
- 1996$0.1188
- 1995$0.1188
- 1994$0.1188
- 1993$0.1051
- 1992$0.0960
- 1991$0.0777
- 1990$0.0594
- 1989$0.0343
- 1984$0.0754
- 1983$0.0937
- 1982$0.0777
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
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