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Phillips 66 (PSX) Dividend Yield, Date & History

Phillips 66 logo
$110.37 +0.02 (+0.02%)
(As of 12/20/2024 05:40 PM ET)

Phillips 66 Dividend Summary

Dividend Yield
4.17%
Annual Dividend
$4.60
Recent
Dividend Payment
Dec. 2
Dividend Increase
Track Record
13 Years
Annualized 3-Year
Dividend Growth
5.27%
Dividend Payout Ratio
59.05%

Phillips 66 (PSX) pays an annual dividend of $4.60 per share, with a dividend yield of 4.17%. The next quarterly payment of $1.15 per share was paid on Monday, December 2, to investors who owned the stock before the ex-dividend date of Monday, November 18. PSX has grown its dividend for 13 consecutive years, with an average annual increase of 1.73%. The company currently pays out 59.05% of its earnings and 24.55% of its cash flow as dividends.

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PSX Dividend Payments by Quarter

The chart below displays up to four years of Phillips 66's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

PSX Dividend Yield Over Time

The chart below tracks Phillips 66's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Phillips 66 vs. The Competition

Compare Phillips 66's annual dividend, yield, and 3-year growth rate with averages for Energy and NYSE companies to evaluate its performance against the market.

TypePhillips 66Energy CompaniesNYSE Companies
Annual Dividend$4.60$0.00$1.39
Dividend Yield4.17%11.75%3.62%
Annualized 3-Year Dividend Growth5.27%25.09%15.78%
Track Record13 years30 years24 years

Phillips 66 Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings59.05%
Based on This Year's Estimate60.85%
Based on Next Year's Estimate49.15%
Based on Cashflow24.55%

Phillips 66 Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/11/2024quarterly$1.15 - 3.37%11/18/202411/18/202412/2/2024
7/10/2024quarterly$1.15 - 3.43%8/20/20248/20/20249/3/2024
4/3/2024quarterly$1.15+$0.10
9.52%
2.68%5/17/20245/20/20246/3/2024
2/7/2024quarterly$1.05 - 2.87%2/16/20242/20/20243/1/2024
10/6/2023quarterly$1.05 - 3.85%11/16/202311/17/202312/1/2023
7/12/2023quarterly$1.05 - 4.1%8/17/20238/18/20239/1/2023
5/10/2023Quarterly$1.05 - 4.5%5/19/20235/22/20236/1/2023
2/8/2023quarterly$1.05+$0.08
8.25%
3.8%2/17/20232/21/20233/1/2023

This table shows Phillips 66's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Phillips 66 Dividend - Frequently Asked Questions

The current dividend yield for Phillips 66 is 4.17%. Learn more on PSX's dividend yield history.

The annual dividend for PSX shares is $4.60. Learn more on PSX's annual dividend history.

Phillips 66 pays quarterly dividends to shareholders.

Phillips 66's most recent quarterly dividend payment of $1.15 per share was made to shareholders on Monday, December 2, 2024.

Phillips 66's most recent ex-dividend date was Monday, November 18, 2024.

Over the past three years, the company's dividend has grown by an average of 5.27% per year.

Phillips 66 has increased its dividend for the past 13 consecutive years.

The most recent change in the company's dividend was an increase of $0.10 on Wednesday, April 3, 2024.

The dividend payout ratio for PSX is:
  • 59.05% based on the trailing year of earnings
  • 60.85% based on this year's estimates
  • 49.15% based on next year's estimates
  • 24.55% based on cash flow

Phillips 66's dividend yield of 3.96% is lower than the average Oils/Energy company that issues a dividend. The company's 13 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Phillips 66's dividend payout ratio of 59.05% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Phillips 66 stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NYSE:PSX) was last updated on 12/22/2024 by MarketBeat.com Staff
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