Valvoline Inc. (NYSE:VVV) will begin trading ex-dividend on November 27, 2020. The quarterly dividend payment of $ 0.125 per share is scheduled to be paid on December 15, 2020. The dividend yield based on the latest trading day closing price was 2.26 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 27, 2020.
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Valvoline Inc. recently reported fourth quarter financial results on October 28, 2020, after market close, the Lexington based company communicated income for the fourth quarter of $ 0.46 per share, from the revenue of $ 652.00 million. The quarterly earnings hiked 15.00 percent while revenues raised 3.66 percent compared with the same quarter last year.
According to street consensus, VVV was expected to report 4Q20 income of $ 0.36 per share from revenue of $ 617.47 million. The bottom line results beat street analysts by $ 0.1 or 27.78 percent, at the same time, top line results outshined analysts by $ 34.53 million or 5.59 percent.
Shares of Valvoline Inc. traded up $ 0.14 or 0.64 percent on Thursday, reaching $ 22.14 with volume of 918.80 thousand shares. Valvoline Inc. has traded high as $ 22.17 and has cracked $ 21.75 on the downward trend
According to the previous trading day, closing price of $ 22.14, representing a 142.83 % increase from the 52 week low of $ 9.06 and a 6.58 % decrease over the 52 week high of $ 23.55.
The company has a market capital of $ 4.10 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Valvoline Inc. manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International.