Renewable Diesel Driving Low Carbon Results
Delivering on Our Commitment of Cash Returns to
Stockholders
Stockholder
Returns
Annual Dividend Per Share and Weighted Average
Shares Outstanding
as a Percentage Relative to 2012
Annual Dividend
Yield (2)
Payout Ratio:
556 million
shares
11% 30% 31% 54% 65% 63% 56% 47% 184%
A
S&P 500
1.4%
Delivering cash
returns through
4.8%
Valero
100%
99%
$3.7
95%
Energy
4.0%
90%
$3.1
($ billion)
$2.6
Buybacks
$2.4
Dividends
$2.3
$2.8
$1.7
$1.9
$1.4
$1.8
$0.8
$1.3
$1.4
$0.2
$1.3
$0.6 $0.9
$0.3
83%
407 million
shares
Utilities
3.1%
80%
77%
74% 73% 73%
Real Estate
2.6%
WASO
Dividend/share
Cons.
Staples
2.5%
$3.92 $3.92
$3.60
Materials
1.7%
sustainable
dividend
growth and
discretionary
buybacks
$3.20
Financials
1.6%
$2.80
$2.40
Health Care
1.6%
Industrials
1.3%
$1.70
$1.1 $1.2
$1.4 $1.5 $1.6
$0.8
Tech
0.9%
$0.4 $0.5 $0.6
2012 2013 2014 2015 2016 2017 2018 2019 2020
Source: Bloomberg as of May 14, 2021. See slides 43-53 for non-GAAP disclosures. Totals may not crossfoot due to rounding.
(1) 2021 weighted average shares outstanding through March 31, 2021. Dividend per share annualized based on most recent quarterly dividend.
(2) Dividend yield for sectors reflects the Index Yield of the respective SPDR exchange-traded fund (ETF).
INVESTOR PRESENTATION | JUNE 2021
$1.05
$0.85
$0.65
Cons. Disc.
0.8%
(1)
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Comm.
Services
0.7%
Valero 19View entire presentation