Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.
Phillips 66 Dividend Announcement
• Phillips 66 announced a quarterly dividend of $1.15 per ordinary share which will be made payable on 2024-12-02. Ex dividend date: 2024-11-18
• Phillips 66 annual dividend for 2024 was $4.50
• Phillips 66 annual dividend for 2023 was $4.20
• Phillips 66's trailing twelve-month (TTM) dividend yield is 2.56%
• Phillips 66's payout ratio for the trailing twelve months (TTM) is 55.42%
• Phillips 66's dividend growth over the last five years (2018-2023) was 6.26% year
• Phillips 66's dividend growth over the last ten years (2013-2023) was 12.21% year
Phillips 66 Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-18 | $1.15 | quarterly | 2024-12-02 |
2024-08-20 | $1.15 | quarterly | 2024-09-03 |
2024-05-17 | $1.15 | quarterly | 2024-06-03 |
2024-02-16 | $1.05 | quarterly | 2024-03-01 |
2023-11-16 | $1.05 | quarterly | 2023-12-01 |
2023-08-17 | $1.05 | quarterly | 2023-09-01 |
2023-05-19 | $1.05 | quarterly | 2023-06-01 |
2023-02-17 | $1.05 | quarterly | 2023-03-01 |
2022-11-16 | $0.97 | quarterly | 2022-12-01 |
2022-08-17 | $0.97 | quarterly | 2022-09-01 |
2022-05-20 | $0.97 | quarterly | 2022-06-01 |
2022-02-18 | $0.92 | quarterly | 2022-03-01 |
2021-11-16 | $0.92 | quarterly | 2021-12-01 |
2021-08-17 | $0.90 | quarterly | 2021-09-01 |
2021-05-21 | $0.90 | quarterly | 2021-06-01 |
2021-02-19 | $0.90 | quarterly | 2021-03-01 |
2020-11-16 | $0.90 | quarterly | 2020-12-01 |
2020-08-17 | $0.90 | quarterly | 2020-09-01 |
2020-05-15 | $0.90 | quarterly | 2020-06-01 |
2020-02-14 | $0.90 | quarterly | 2020-03-02 |
2019-11-15 | $0.90 | quarterly | 2019-12-02 |
2019-08-19 | $0.90 | quarterly | 2019-09-03 |
2019-05-17 | $0.90 | quarterly | 2019-06-03 |
2019-02-15 | $0.80 | quarterly | 2019-03-01 |
2018-11-16 | $0.80 | quarterly | 2018-12-03 |
2018-08-20 | $0.80 | quarterly | 2018-09-04 |
2018-05-18 | $0.80 | quarterly | 2018-06-01 |
2018-02-16 | $0.70 | quarterly | 2018-03-01 |
2017-11-16 | $0.70 | quarterly | 2017-12-01 |
2017-08-16 | $0.70 | quarterly | 2017-09-01 |
2017-05-16 | $0.70 | quarterly | 2017-06-01 |
2017-02-16 | $0.63 | quarterly | 2017-03-01 |
2016-11-15 | $0.63 | quarterly | 2016-12-01 |
2016-08-16 | $0.63 | quarterly | 2016-09-01 |
2016-05-16 | $0.63 | quarterly | 2016-06-01 |
2016-02-11 | $0.56 | quarterly | 2016-03-01 |
2015-11-10 | $0.56 | quarterly | 2015-12-01 |
2015-08-13 | $0.56 | quarterly | 2015-09-01 |
2015-05-14 | $0.56 | quarterly | 2015-06-01 |
2015-02-12 | $0.50 | quarterly | 2015-03-02 |
2014-11-12 | $0.50 | quarterly | 2014-12-01 |
2014-08-13 | $0.50 | quarterly | 2014-09-02 |
2014-05-15 | $0.50 | quarterly | 2014-06-02 |
2014-02-13 | $0.39 | quarterly | 2014-03-03 |
2013-11-12 | $0.39 | quarterly | 2013-12-02 |
2013-08-14 | $0.31 | quarterly | 2013-09-03 |
2013-05-16 | $0.31 | quarterly | 2013-06-03 |
2013-02-19 | $0.31 | quarterly | 2013-03-01 |
Phillips 66 Dividend per year
Phillips 66 Dividend growth
Phillips 66 Dividend Yield
Phillips 66 current trailing twelve-month (TTM) dividend yield is 2.56%. Interested in purchasing Phillips 66 stock? Use our calculator to estimate your expected dividend yield:
Phillips 66 Financial Ratios
Phillips 66 Dividend FAQ
Other factors to consider when evaluating Phillips 66 as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Phillips 66's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Phillips 66 publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Phillips 66 distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Phillips 66 are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Phillips 66 sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Phillips 66 distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Phillips 66 declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Phillips 66's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Phillips 66's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.