20 Great Dividend Paying Stocks
#17 Valero Energy (VLO)
Dividend Yield: 4.1%
Valero Energy is a solid dividend paying stock that has an overall yield of 4.1%. With a dividend growth streak of seven years and going strong, the oil refining and marketing company also has a forward P/E ratio of 16.3. Valero was first incorporated in 1981 and is the largest stand-alone refinery with more than 12 locations spread across the United Kingdom and United States. The company purchase crude oil and processes it into a variety of products to include jet fuel, lubricants, asphalt, diesel, and gasoline. Valero sells both branded and unbranded products wholesale through more than 7,000 outlets carrying the brand name and also has 11 ethanol plants.
