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How Has VLO’s Dividend Yield Shaped Up?

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VLO’s dividend yield

Valero Energy (VLO) has consistently delivered returns to shareholders in the form of dividends. The dividend yield is estimated as a ratio of the annualized dividends to the price of the stock. Valero’s dividend yield has risen from 2% in 1Q14 to 4.3% in 1Q17 due to the steeper rise in dividends compared to the increase in the stock price during the stated period.

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Dividend yield of peers

In the same period, Phillips 66’s (PSX) dividend yield rose from 2.1% to 3.0% while Tesoro’s (TSO) dividend yield improved from 1.9% to 2.7%. Marathon Petroleum’s (MPC) dividend yield rose even more sharply from 1.9% to 3.0%. For exposure to high dividend stocks, investors can consider the Vanguard High Dividend Yield ETF (VYM). The ETF also has ~10% exposure to energy sector stocks.

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