>>> VLO US : *INCREASES DIVIDEND 45% TO $0.40 FROM $0.275



From: thechek@mac.com At: Jan 23 2015 20:23:08
To: LAURENT CHEKROUN (MAKOR SECURITIES LLP)
Subject: Fwd:>>> VLO US : *INCREASES DIVIDEND 45% TO $0.40 FROM $0.275
*INCREASES DIVIDEND 45% TO $0.40 FROM $0.275 
- CEO: "This significant increase in our regular cash dividend shows our commitment to returning cash to stockholders,”
- effective with the quarterly dividend the Board has declared to be payable on March 3, 2015 to holders of record at the close of business on February 11, 2015. 
- Note: Yield implied approx 3.2%