SUN - Phillips 66 (PSX) Rewards Investors With a Dividend Hike | Benzinga
Phillips 66 (NYSE: PSX) recently received approval from the board of directors to increase its quarterly dividend.
The new dividend of $1.15 per share represents an increase of 10% from the prior-quarter payout of $1.05. The hiked dividend of the diversified energy company will likely be paid on Jun 3 to shareholders of record as of the close of business on May 20.
This reflects Phillips 66's stable and growing business. Being one of the most diversified refiners, the company is putting more emphasis on midstream, renewables and chemicals operations, thereby stabilizing its ...