{"id":380537,"date":"2020-11-12T19:33:13","date_gmt":"2020-11-13T00:33:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380537"},"modified":"2020-11-12T19:33:13","modified_gmt":"2020-11-13T00:33:13","slug":"valvoline-increases-quarterly-dividend-and-announces-100-million-share-repurchase-authorization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/valvoline-increases-quarterly-dividend-and-announces-100-million-share-repurchase-authorization\/","title":{"rendered":"Valvoline Increases Quarterly Dividend and Announces $100 Million Share Repurchase Authorization"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n LEXINGTON, Ky.<\/span>, Nov. 12, 2020<\/span> \/PRNewswire\/ — Valvoline Inc.\u00a0(NYSE: VVV) today announced that its board of directors increased the quarterly cash dividend on the company’s common stock by nearly 11 percent to $0.125<\/span> per share. The quarterly dividend will be payable on Dec. 15, 2020<\/span>, to shareholders of record as of the close of business on Nov. 30, 2020<\/span>.<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Valvoline
\n <\/a>\n <\/p>\n<\/p><\/div>\n

The board of directors also authorized the company to repurchase up to $100 million<\/span> of its common stock. The timing and amount of any purchase of shares of common stock will be based on the level of Valvoline’s liquidity, general business and market conditions and other factors, including alternative investment opportunities. The term of the new share repurchase authorization extends through Sept. 30, 2021<\/span>. The dividend and share repurchase authorization is part of a broader capital allocation framework to deliver value to shareholders by first driving growth in the business, organically and through acquisitions, and then returning excess cash to shareholders through dividends and share repurchases.<\/p>\n

\n About Valvoline\u2122<\/span><\/b>\n <\/p>\n

Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. Established in 1866, the Company’s heritage spans more than 150 years, during which time it has developed powerful brand recognition across multiple product and service channels. Valvoline ranks as the No. 3 passenger car motor oil brand in the DIY market by volume. It operates and\u00a0franchises nearly 1,500\u00a0quick-lube locations, and it is the\u00a0No. 2 chain by\u00a0number of stores in the\u00a0United States under the Valvoline Instant Oil ChangeSM<\/sup>\u00a0brand and the No. 3 chain by number of stores in Canada<\/span> under the Valvoline Great Canadian Oil Change brand. It also markets Valvoline lubricants and automotive chemicals, including Valvoline High Mileage with MaxLife technology motor oil for engines over 75,000 miles; Valvoline Advanced Full Synthetic motor oil; Valvoline Premium Blue\u2122 heavy-duty motor oil; Valvoline Multi-Vehicle Automatic Transmission Fluid; and Zerex\u2122 antifreeze. To learn more, visit\u00a0www.valvoline.com<\/a>.<\/p>\n

\n \u2122<\/span>\u00a0Trademark, Valvoline or its subsidiaries, registered in various countries
SM<\/sup>\u00a0Service mark, Valvoline or its subsidiaries, registered in various countries<\/p>\n

\n FOR FURTHER INFORMATION:<\/b>
\n \n <\/p>\n

\n Sean T. Cornett<\/span>
\n
Sr. Director, Investor Relations
+1 (859) 357-2798
scornett@valvoline.com<\/a>\u00a0<\/p>\n

\n Michele Gaither Sparks<\/span>
\n
Sr. Director, Corporate Communications
+1 (859) 221-9699
michele.sparks@valvoline.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/valvoline-increases-quarterly-dividend-and-announces-100-million-share-repurchase-authorization-301172466.html<\/a><\/p>\n

SOURCE Valvoline Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire LEXINGTON, Ky., Nov. 12, 2020 \/PRNewswire\/ — Valvoline Inc.\u00a0(NYSE: VVV) today announced that its board of directors increased the quarterly cash dividend on the company’s common stock by nearly 11 percent to $0.125 per share. The quarterly dividend will be payable on Dec. 15, 2020, to shareholders of record as of the close of business on Nov. 30, 2020. The board of directors also authorized the company to repurchase up to $100 million of its common stock. The timing and amount of any purchase of shares of common stock will be based on the level of Valvoline’s liquidity, general business and market conditions and other factors, including alternative investment opportunities. The term of the new share repurchase authorization … <\/p>\n

Continue reading “Valvoline Increases Quarterly Dividend and Announces $100 Million Share Repurchase Authorization”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-380537","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nValvoline Increases Quarterly Dividend and Announces $100 Million Share Repurchase Authorization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/valvoline-increases-quarterly-dividend-and-announces-100-million-share-repurchase-authorization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Valvoline Increases Quarterly Dividend and Announces $100 Million Share Repurchase Authorization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LEXINGTON, Ky., Nov. 12, 2020 \/PRNewswire\/ — Valvoline Inc.\u00a0(NYSE: VVV) today announced that its board of directors increased the quarterly cash dividend on the company’s common stock by nearly 11 percent to $0.125 per share. The quarterly dividend will be payable on Dec. 15, 2020, to shareholders of record as of the close of business on Nov. 30, 2020. The board of directors also authorized the company to repurchase up to $100 million of its common stock. The timing and amount of any purchase of shares of common stock will be based on the level of Valvoline’s liquidity, general business and market conditions and other factors, including alternative investment opportunities. 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