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home / news releases / PSX - Phillips 66 Is A Fantastic Dividend Stock

PSX - Phillips 66 Is A Fantastic Dividend Stock

Phillips 66
  • Phillips 66 was hit hard during the COVID-pandemic in 2020 as utilization rates dropped significantly.
  • However, the company is expected to generate strong free cash flow in 2021 and beyond, resulting in higher dividends, buybacks, and lower net debt.
  • While the valuation is fair, investors need to keep the company's cyclical and volatile behavior in mind.

For further details see:

Phillips 66 Is A Fantastic Dividend Stock
Stock Information
Company Name: Phillips 66
Stock Symbol: PSX
Market: NYSE
Website: phillips66.com
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