Valero Energy Corp.’s board of directors has declared a quarterly cash dividend of $1.02 per share, the company announced on July 20.

The dividend will be payable on Sept. 5 to all shareholders of record as of the end of business on Aug. 3, according to the company’s statement.

Valero Energy Corp. is a multinational manufacturer and marketer of petroleum, low-carbon liquid transportation fuels and petrochemical products. It is primarily based in the U.S., Canada, the U.K., Ireland and Latin America.