VVV Valvoline Inc

Valvoline Increases Quarterly Dividend by More Than 50 Percent



Valvoline Inc. (NYSE: VVV) today announced that its board of directors
increased the quarterly cash dividend on the company’s common stock by
more than 50 percent, from 4.9 cents to 7.45 cents per share.



“The substantial growth in our dividend shows the confidence that the
Board and management have in Valvoline’s strong cash flow generation,”
said Chief Executive Officer, Sam Mitchell. “Just as important, growing
our dividend represents our commitment to returning capital to
shareholders.”



The dividend will be payable on December 15, 2017, to shareholders of
record as of the close of business on December 1, 2017.



About ValvolineTM



Valvoline Inc. (NYSE:VVV) is a leading worldwide producer and
distributor of premium-branded automotive, commercial and industrial
lubricants, and automotive chemicals. Valvoline ranks as the #2
quick-lube chain by number of stores and #3 passenger car motor oil in
the DIY market by volume in the United States. The brand operates and
franchises more than 1,070 Valvoline Instant Oil ChangeSM
centers in the United States. It also markets ValvolineTM
lubricants and automotive chemicals; MaxLifeTM lubricants
created for higher-mileage engines; SynPowerTM synthetic
motor oil; and ZerexTM antifreeze. Visit www.valvoline.com
to learn more.



Forward-Looking Statements



This news release contains certain statements that may be deemed
“forward-looking statements” within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Valvoline has identified some of these
forward-looking statements with words such as “anticipates,” “believes,”
“expects,” “estimates,” “is likely,” “predicts,” “projects,”
“forecasts,” “may,” “will,” “should” and “intends” and the negative of
these words or other comparable terminology. In addition, Valvoline™
may, from time to time, make forward-looking statements in its annual
report, quarterly reports and other filings with the Securities and
Exchange Commission (“SEC”), news releases and other written and oral
communications. These forward-looking statements are based on
Valvoline’s current expectations and assumptions regarding, as of the
date such statements are made, Valvoline’s future operating performance
and financial condition, including Valvoline’s future financial and
operating performance, strategic and competitive advantages, leadership
and future opportunities, as well as the economy and other future events
or circumstances. Valvoline’s expectations and assumptions include,
without limitation, internal forecasts and analyses of current and
future market conditions and trends, management plans and strategies,
operating efficiencies and economic conditions (such as prices, supply
and demand, cost of raw materials, and the ability to recover raw
material cost increases through price increases), and risks and
uncertainties associated with the following: demand for Valvoline’s
products and services; sales growth in emerging markets; the prices and
margins of Valvoline’s products and services; the strength of
Valvoline’s reputation and brand; Valvoline’s ability to develop and
successfully market new products; Valvoline’s ability to retain its
largest customers; achievement of the expected benefits of Valvoline's
separation from Ashland; Valvoline’s substantial indebtedness (including
the possibility that such indebtedness and related restrictive covenants
may adversely affect Valvoline’s future cash flows, results of
operations, financial condition and Valvoline’s ability to repay debt)
and other liabilities; operating as a stand-alone public company;
failure, caused by Valvoline, of Ashland's distribution of Valvoline
common stock to Ashland shareholders to qualify for tax-free treatment,
which may result in significant tax liabilities to Ashland for which
Valvoline may be required to indemnify Ashland; and the impact of
acquisitions and/or divestitures Valvoline has made or may make
(including the possibility that Valvoline may not realize the
anticipated benefits from such transactions or difficulties with
integration). These forward-looking statements are also subject to the
risks and uncertainties affecting Valvoline that are described in its
most recent Form 10-K (including in Item 1A Risk Factors and “Use of
estimates, risks and uncertainties” in Note 2 of Notes to Consolidated
Financial Statements) filed with the SEC, which is available on
Valvoline’s website at http://investors.valvoline.com/sec-filings.
In light of these risks, uncertainties and assumptions, the
forward-looking events and circumstances discussed in this news release
may not occur, and actual results could differ materially and adversely
from those anticipated or implied in the forward-looking statements.



You should not rely upon forward-looking statements as predictions of
future events. Although Valvoline believes that the expectations
reflected in these forward-looking statements are reasonable, Valvoline
cannot guarantee that the expectations reflected herein will be
achieved. In light of the significant uncertainties in these
forward-looking statements, you should not regard these statements as a
representation or warranty by Valvoline or any other person that
Valvoline will achieve its objectives and plans in any specified time
frame, or at all. These forward-looking statements speak only as of the
date of this news release. Except as required by law, Valvoline assumes
no obligation to update or revise these forward-looking statements for
any reason, even if new information becomes available in the future.



All forward-looking statements attributable to Valvoline are expressly
qualified in their entirety by these cautionary statements as well as
others made in this news release and hereafter in Valvoline’s other SEC
filings and public communications. You should evaluate all
forward-looking statements made by Valvoline in the context of these
risks and uncertainties.



TM Trademark, Valvoline or its subsidiaries, registered in
various countries

SM Service mark, Valvoline or its
subsidiaries, registered in various countries


14/11/2017
0 pages
EN

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