Valero Energy Stock To Go Ex-dividend Monday (VLO)

NEW YORK ( TheStreet) -- The ex-dividend date for Valero Energy Corporation (NYSE: VLO) is Monday, August 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $28.61 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Valero Energy has been 8.8 million shares per day over the past 30 days. Valero Energy has a market cap of $15.9 billion and is part of the basic materials sector and energy industry. Shares are up 36.6% year to date as of the close of trading on Thursday.

Valero Energy Corporation operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Ethanol, and Retail. The company has a P/E ratio of 9.8, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Valero Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Valero Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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