Phillips 66 Increases Quarterly Dividend to $1.33 Per Share

Investors in Houston-based Phillips 66 are set to see a payout bump as the energy company raises its quarterly dividend by 4.7%. The new rate of $1.33 per share moves up from the previous $1.27, reflecting the firm's latest capital allocation decision announced by the board.

Today, 19:46· Money Talk· 931 reads

Phillips 66 Increases Quarterly Dividend to $1.33 Per Share

This adjusted payout equates to an annual distribution of $5.32 per share. Based on the stock's closing price of $291.87 on Friday, the dividend now offers an annual yield of approximately 1.82%, a modest increase from the prior 1.74% mark.

The company has scheduled the payment for December 1. Shareholders of record as of the close of business on November 17 will be eligible to receive the dividend.

Phillips 66 Increases Quarterly Dividend to $1.33 Per Share

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