Valero Energy shares surge 5.08% intraday following announcement of $1.20 dividend increase.

Valero Energy (VLO) surged 5.08% intraday after announcing a $1.20 dividend increase, signaling confidence in future cash flow. The move coincided with analyst upgrades, including BMO Capital maintaining a Buy rating with a $200 price target and TipRanks upgrading to Buy at $202. These developments reinforced investor sentiment amid broader energy sector strength, with Valero’s strategic focus on refining and renewable fuels bolstering its appeal. The dividend hike, coupled with bullish analyst outlooks, directly drove the intraday rally.