Phillips 66 Raises Dividend 25%

Phillips 66 (NYSE: PSX  ) has announced a raise in its quarterly dividend. The company is to pay $0.3125 per share of its common stock on March 1 to shareholders of record as of the end of Feb. 21, changing this from the previously announced Feb. 18. That payout represents an increase of 25% over the previous dividend of $0.25 paid in October.

The company's only previous dividend prior to that was $0.20, disbursed last July following the establishment of the company earlier that year (it was spun off from oil and gas major ConocoPhillips.

The new dividend annualizes to $1.25, which represents a yield of 1.9% on the current share price.

link


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2250313, ~/Articles/ArticleHandler.aspx, 10/20/2014 5:09:49 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement