We got a lot of insight recently into Phillips 66 (NYSE: PSX), after its recent presentation at a Bank of America energy conference. Recent trends in a lot of the figures surrounding this company show that not only is it a solid company in terms of growth, but it is also a great stock to hold for investors who like dividends. In this video, Motley Fool analyst Joel South takes us through some of the reasons why this company has been able to grow its dividend so much recently, and why this trend is only projected to continue.

Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Western Refining. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.