A History Of Dividends

Phillips 66 Dividend History

A History of Dividends

Phillips 66 has a long history of paying dividends to shareholders. The company's first dividend payment was made in September 2012, at a rate of $0.20 per share.

Since then, Phillips 66 has increased its dividend payment every year. In February 2023, the company declared a quarterly dividend of $1.05 per share.

Current Dividend

Phillips 66's current annual dividend is $4.60 per share, with a yield of 3.44%. The company's dividend is well-covered by earnings, with a payout ratio of just 55%.

Future Dividend Growth

Phillips 66 has a strong track record of dividend growth. The company has increased its dividend payment every year since it began paying dividends in 2012.

Analysts expect Phillips 66 to continue to increase its dividend in the future. The company's strong financial position and its commitment to returning cash to shareholders are both positive indicators for future dividend growth.