The Board of Directors of Valero Energy Corporation has approved an increase in the company?s regular quarterly cash dividend on common stock from $1.02 per share to $1.07 per share. The dividend is payable on March 4, 2024 to holders of record at the close of business on February 1, 2024. The increase in the dividend raises the annualized cash dividend rate on Valero?s common stock to $4.28 per share.