Phillips 66 (PSX) Dividend Announced
Money and Finance

Phillips 66 (PSX) Dividend Announced


Phillips 66 (PSX), the spinoff from ConocoPhillips, announced it would be paying it's first ever dividend on September 4 to shareholders of record on July 23. The quarterly dividend will be $0.20 per share which is right where they had said it would be during talks of the spinoff. The dividend yield is 2.3% after the early runup and was 2.4% prior to the announcement. The yield is a little low for where I would like to get in but the company has announced a targeted 5% annual increase in it's dividend. I have a 2.68% YOC for my shares received during the spinoff. It's good to finally get confirmation on the dividend.




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