Valero Energy (MEX:VLO) Dividend Payout Ratio: 0.28 (As of Mar. 2026) — 45% Below Median


MEX:VLO Valero Energy Corp MEX:VLO
53 GF Score
Price MXN4,464.00
GF Value MXN2,509.53
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Valero Energy Dividend Payout Ratio?

Valero Energy MEX:VLO +0.62% 53 Dividend Payout Ratio is 0.28 as of Mar. 2026, which is 45% below its 10-year median of 0.51. GuruFocus rates MEX:VLO with a GF Score™ of 53/100 and a GF Value™ of MXN2,509.53 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 433 Oil & Gas companies, Valero Energy ranks better than 72.98% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Valero Energy's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.28.

The historical rank and industry rank for Valero Energy's Dividend Payout Ratio or its related term are showing as below:

MEX:VLO' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.51   Max: 1.4
Current: 0.33

During the past 13 years, the highest Dividend Payout Ratio of Valero Energy was 1.40. The lowest was 0.13. And the median was 0.51.

MEX:VLO's Dividend Payout Ratio is ranked better than
72.98% of 433 companies
in the Oil & Gas industry
Industry Median: 0.5 vs MEX:VLO: 0.33

As of today (2026-06-28), the Dividend Yield % of Valero Energy is 1.88%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Valero Energy was 10.06%. The lowest was 1.77%. And the median was 3.53%.

Valero Energy's Dividends per Share for the months ended in Mar. 2026 was MXN21.64.

During the past 12 months, Valero Energy's average Dividends Per Share Growth Rate was 5.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Valero Energy was 62.00% per year. The lowest was -25.30% per year. And the median was 17.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Valero Energy (MEX:VLO) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Valero Energy Dividend Payout Ratio Related Terms

Valero Energy Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Valero Energy's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Valero Energy Dividend Payout Ratio Chart

Valero Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 0.13 0.16 0.51 0.43

Valero Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 0.50 0.31 0.30 0.28

MEX:VLO vs MPC, PSX, DINO: Dividend Payout Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Valero Energy's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Valero Energy Dividend Payout Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Valero Energy's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Valero Energy's Dividend Payout Ratio falls into.


MEX:VLO
53GF Score
Valero Energy Corp MEX:VLO
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Valero Energy Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Valero Energy's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=81.386/ 191.04
=0.43

Valero Energy's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=21.639/ 76.098
=0.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.28 mean?
Valero Energy (MEX:VLO) has a Dividend Payout Ratio of 0.28 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Valero Energy and its competitors. This is 45% below median its historical median of 0.51. Over the past decade, Valero Energy's Dividend Payout Ratio has ranged from 0.13 to 1.40. According to the industry distribution chart, Valero Energy ranks #117 out of 433 companies in the Oil & Gas industry, placing it in the top 27%.
Is Valero Energy's Dividend Payout Ratio too high?
Valero Energy's current Dividend Payout Ratio of 0.28 is 45% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.40. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Valero Energy's value of 0.28 is 44% below this industry median. Based on the distribution chart, Valero Energy ranks #117 out of 433 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Valero Energy has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Valero Energy's Dividend Payout Ratio compare to MPC and PSX?
According to the Oil & Gas industry distribution chart, Valero Energy ranks #117 out of 433 companies for Dividend Payout Ratio. This puts Valero Energy in the upper half of its industry. The industry median Dividend Payout Ratio is 0.50. Valero Energy's value of 0.28 is 44% below this benchmark. Historically, Valero Energy's own Dividend Payout Ratio has ranged from 0.13 to 1.40 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.50, Valero Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Oil & Gas company?
The median Dividend Payout Ratio among Oil & Gas companies is 0.50, based on 433 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Valero Energy's current Dividend Payout Ratio of 0.28 is 44% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Valero Energy and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Valero Energy's current Dividend Payout Ratio is 0.28, which is 45% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Valero Energy stock overvalued right now?
Based on GuruFocus' analysis, Valero Energy (MEX:VLO) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN2,509.53, compared to a current price of MXN4,464.00 — trading 77.9% above its estimated fair value. The current Dividend Payout Ratio is 0.28, which is 45% below median its 10-year median of 0.51 and 44% below the Oil & Gas industry median of 0.50. Valero Energy's overall GF Score™ is 53/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Valero Energy (MEX:VLO), the current Dividend Payout Ratio is 0.28 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Valero Energy (MEX:VLO) Overvalued in 2026?

Based on GuruFocus' analysis, Valero Energy stock appears to be overvalued. The current stock price of MXN4,464.00 is trading 77.9% above its estimated GF Value™ of MXN2,509.53. GuruFocus considers Valero Energy to be Significantly Overvalued.

Key valuation signals for MEX:VLO:

  • Dividend Payout Ratio: 0.28 (45% below median its 10-year median of 0.51)
  • GF Value™: MXN2,509.53 vs. price of MXN4,464.00 (77.9% above fair value)
  • GF Score™: 53/100 with 6 warning signs
  • Industry Position: 44% below the Oil & Gas median (#117 of 433)

No single metric tells the full story. See the MEX:VLO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Valero Energy Business Description

Industry EnergyOil & Gas
Address One Valero Way, San Antonio, TX, USA, 78249
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries, with a total throughput capacity of 3.2 million barrels a day in the US, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which can produce 1.2 billion gallons per year of renewable diesel.
53GF Score

Get the complete analysis for MEX:VLO

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN4,464.00
Price
MXN2,509.53
GF Value