Valero Energy (VLO) Dividend History & Yield
Valero Energy (VLO) has increased its dividend for 4 consecutive years and currently yields 1.84%. The most recent dividend was $1.2000/share on Mar 9, 2026, paid Quarterly.
Current Yield
1.84%
TTM Dividend/Share
$4.66
Payment Frequency
Quarterly
Payout Ratio
33.8%
Consecutive Growth Years
4
Div Growth (1Y CAGR)
5.61%
Div Growth (5Y CAGR)
2.89%
Div Growth (10Y CAGR)
10.27%
VLO: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
4.7%
FCF payout ratio
6.1%
Net debt / EBITDA
0.6x
Interest coverage
10.40x
ROIC (TTM)
13.2%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 33.8%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($16.28) covers dividend/share ($4.66).
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 (64.5%) — sustainable.
Per-payment dividend history
Ex-date May 21, 2026
- Payment date
- Jun 23, 2026
- Dividend
- $1.2000
- Adj. dividend
- $1.2000
Ex-date Feb 5, 2026
- Payment date
- Mar 9, 2026
- Dividend
- $1.2000
- Adj. dividend
- $1.2000
Ex-date Nov 20, 2025
- Payment date
- Dec 18, 2025
- Dividend
- $1.1300
- Adj. dividend
- $1.1300
Ex-date Jul 31, 2025
- Payment date
- Sep 2, 2025
- Dividend
- $1.1300
- Adj. dividend
- $1.1300
Ex-date May 20, 2025
- Payment date
- Jun 18, 2025
- Dividend
- $1.1300
- Adj. dividend
- $1.1300
Ex-date Jan 30, 2025
- Payment date
- Mar 3, 2025
- Dividend
- $1.1300
- Adj. dividend
- $1.1300
Ex-date Nov 20, 2024
- Payment date
- Dec 20, 2024
- Dividend
- $1.0700
- Adj. dividend
- $1.0700
Ex-date Aug 1, 2024
- Payment date
- Sep 3, 2024
- Dividend
- $1.0700
- Adj. dividend
- $1.0700
Ex-date May 30, 2024
- Payment date
- Jun 28, 2024
- Dividend
- $1.0700
- Adj. dividend
- $1.0700
Ex-date Jan 31, 2024
- Payment date
- Mar 4, 2024
- Dividend
- $1.0700
- Adj. dividend
- $1.0700
Ex-date Nov 16, 2023
- Payment date
- Dec 20, 2023
- Dividend
- $1.0200
- Adj. dividend
- $1.0200
Ex-date Aug 2, 2023
- Payment date
- Sep 5, 2023
- Dividend
- $1.0200
- Adj. dividend
- $1.0200
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| 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 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Valero Energy has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 4 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 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 | — |
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.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Valero Energy (VLO) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.41B
YoY change
+1.5%
5Y CAGR
-2.6%
Peak year (2021)
$1.60B
Latest annual
$1.41B
Cash dividends paid over time for Valero Energy (VLO)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Valero Energy (VLO)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.41B | +1.5% | +$21.00M | ||
| 2024 | $1.38B | -4.7% | -$68.00M | ||
| 2023 | $1.45B | -7.0% | -$110.00M | ||
| 2022 | $1.56B | -2.5% | -$40.00M | ||
| 2021 | $1.60B | +0.1% | +$2.00M | ||
| 2020 | $1.60B | +7.2% | +$108.00M | ||
| 2019 | $1.49B | +9.0% | +$123.00M | ||
| 2018 | $1.37B | +10.2% | +$127.00M | ||
| 2017 | $1.24B | +11.8% | +$131.00M | ||
| 2016 | $1.11B | +31.0% | +$263.00M | ||
| 2015 | $848.00M | +53.1% | +$294.00M | ||
| 2014 | $554.00M | +19.9% | +$92.00M | ||
| 2013 | $462.00M | +28.3% | +$102.00M | ||
| 2012 | $360.00M | +113.0% | +$191.00M | ||
| 2011 | $169.00M | +48.2% | +$55.00M | ||
| 2010 | $114.00M | -64.8% | -$210.00M | ||
| 2009 | $324.00M | +8.4% | +$25.00M | ||
| 2008 | $299.00M | +10.3% | +$28.00M | ||
| 2007 | $271.00M | +44.1% | +$83.00M | ||
| 2006 | $188.00M | +77.4% | +$82.00M | ||
| 2005 | $106.00M | +42.5% | +$31.60M | ||
| 2004 | $74.40M | +47.0% | +$23.80M | ||
| 2003 | $50.60M | +19.6% | +$8.30M | ||
| 2002 | $42.30M | +104.4% | +$21.60M | ||
| 2001 | $20.70M | +10.7% | +$2.01M | ||
| 2000 | $18.69M | +4.4% | +$792,000 | ||
| 1999 | $17.90M | — | +$17.90M | ||
| 1998 | $0 | -100.0% | -$5.40M | ||
| 1997 | $5.40M | -84.2% | -$28.80M | ||
| 1996 | $34.20M | -1.2% | -$400,000 | ||
| 1995 | $34.60M | +10.9% | +$3.40M | ||
| 1994 | $31.20M | +47.9% | +$10.10M | ||
| 1993 | $21.10M | +9.9% | +$1.90M | ||
| 1992 | $19.20M | -5.9% | -$1.20M | ||
| 1991 | $20.40M | +19.3% | +$3.30M | ||
| 1990 | $17.10M | -7.6% | -$1.40M | ||
| 1989 | $18.50M | — | — |
Valero Energy (VLO) most recent annual dividends paid stands at $1.41B (2025) – edged up 1.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Valero Energy dividends paid compounded at -2.6% per year, with a net decline across the window.
Valero Energy dividends paid declined from $1.60B in 2021 to $1.41B in 2025, a 12.3% drawdown.
Across the available history, dividends paid reached its high of $1.60B in 2021 and its low of $0 in 1998.
Valero Energy (VLO) sits 8th of 8 Energy peers we track on this metric, against a peer median of $3.22B.
Valero Energy Dividends Paid 2025: $1.41B
Valero Energy dividends paid in 2025 was $1.41B, edged up 1.5% from 2024.
Valero Energy Dividends Paid 2024: $1.38B
Valero Energy dividends paid in 2024 was $1.38B, edged down 4.7% below 2023.
Valero Energy Dividends Paid 2023: $1.45B
Valero Energy dividends paid in 2023 was $1.45B, declined 7.0% below 2022.
Valero Energy Dividends Paid 2022: $1.56B
Valero Energy dividends paid in 2022 was $1.56B, edged down 2.5% below 2021.
Valero Energy Dividends Paid 2021: $1.60B
Valero Energy dividends paid in 2021 was $1.60B.
See more financial history for Valero Energy (VLO).
Sector peers by dividends paid
Companies in the same sector as Valero Energy, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $17.23B | Energy |
| Chevron (CVX) | $12.75B | Energy |
| Enbridge (ENB) | $11.27B | Energy |
| ConocoPhillips (COP) | $4.00B | Energy |
| Williams Companies (WMB) | $2.44B | Energy |
| EOG Resources (EOG) | $2.16B | Energy |
| SLB (SLB) | $1.60B | Energy |
| Marathon Petroleum (MPC) | $1.14B | Energy |
Frequently asked questions
Does Valero Energy pay dividends?
Yes, Valero Energy (VLO) pays quarterly dividends of approximately $4.66 per share annually, yielding 1.84%.
What is Valero Energy's dividend yield?
Valero Energy (VLO) has a current dividend yield of 1.84%.
Is Valero Energy's dividend safe?
Valero Energy (VLO) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Valero Energy increased its dividend?
Valero Energy (VLO) has 4 consecutive years of dividend increases.
What is Valero Energy's dividend payout ratio?
Valero Energy (VLO) has a dividend payout ratio of 33.8%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Valero Energy's dividends paid?
Latest reported dividends paid for Valero Energy (VLO) is $1.41B (period ending March 31, 2026).
How has Valero Energy dividends paid changed year-over-year?
Valero Energy (VLO) dividends paid changed +1.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Valero Energy dividends paid?
Valero Energy (VLO) dividends paid compound annual growth rate is -2.6% over the most recent 5 years available.
When did Valero Energy dividends paid hit its highest annual value?
Valero Energy dividends paid reached its highest annual value of $1.60B in 2021.
What was Valero Energy dividends paid in 2024?
Valero Energy (VLO) dividends paid in 2024 was $1.38B.
What was Valero Energy dividends paid in 2025?
Valero Energy (VLO) dividends paid in 2025 was $1.41B.
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