This Stock Has A 10.15% Yield And Sells For Less Than Book

Valero Energy has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ”DividendRank” report. The report noted that among energy companies, VLO shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent VLO share price of $38.61 represents a price-to-book ratio of 0.8 and an annual dividend yield of 10.15% — by comparison, the average energy stock in Dividend Channel’s coverage universe yields 6.5% and trades at a price-to-book ratio of 2.2. The report also cited the strong quarterly dividend history at Valero Energy Corp, and favorable long-term multi-year growth rates in key fundamental data points.

The Top 10 DividendRank‘ed Energy Stocks »

The report stated, ”Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That’s what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most ‘interesting’ stocks, meant for investors as a source of ideas that merit further research.

The annualized dividend paid by Valero Energy is $3.92/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/17/2020. Below is a long-term dividend history chart for VLO, which Dividend Channel stressed as being of key importance. Indeed, studying a company’s past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

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Protecting 5% More Of The Ocean Can Increase Fisheries Yield By 20% According To New Research

A new study, published in the Proceedings of the National Academy of Sciences, found that protecting an additional 5% of the ocean can increase future fish catch by 20% or more. Growing up in a fishing community in the Philippines, lead researcher Dr. Reniel Cabral believes that marine protected areas (MPAs) can benefit both conservation and fisheries goals simultaneously. In the past, MPAs have been used as conservation tools, however a focus on fisheries may provide a necessary incentive for many coastal nations to adopt or expand them.

“We are curious if we design MPAs to increase fisheries productivity on a global scale, how much food can we generate, and how expensive will it be?” says Dr. Cabral, who hopes to see 30% of the world’s oceans protected by 2030; a widespread conservation goal. Currently only 2.5% of the ocean is fully protected, however Dr. Cabral anticipates that the research will provide a scientific basis for nations to view protected areas as investments into the future success of their fisheries.

The study entitled “A global network of marine protected areas for food” looked at MPA siting and area coverage using fisheries data for over 1,300 commercially-important fish species to determine how much fish biomass could be available for the fishing industry if more of the ocean was protected. Building on years of previous research, the research team modeled protection networks to predict fisheries success. They found, unsurprisingly, that expansion of MPAs will have the greatest impact in areas where overfishing is occurring, which is often in the developing world where fisheries management resources are less robust.

As the protected area increases, so does fisheries success, however according to the models once 47% of the ocean is protected, expanding marine protected areas further will not improve fisheries and will in fact hinder total catch. “While you can close up to 47% of the ocean, most of the benefits [to fisheries catch] you can achieve by protecting a smaller percent of the ocean,” says Dr. Cabral. The majority of the impact occurs when 5-10% more of the ocean is protected, according to the research.

When MPAs are strategically implemented in areas where overfishing or poor management are occurring, the models show that fish populations will be able to recover and leave the protected areas to re-stock unprotected areas. This phenomenon is known as spillover effect. The fish in MPAs are able to grow bigger and produce a higher number of more hearty offspring. The study found that protecting 5% more of the ocean would result in nine to twelve million more metric tons of fish catch annually. The modeling was carried out by examining areas of

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