Phillips 66 Partners (PSXP) Raises Quarterly Dividend 5% to $0.505; 3.7% Yield

Phillips 66 Partners (NYSE: PSXP) declared a quarterly dividend of $0.505 per share, or $2.02 annualized. This is a 5% increase from the prior dividend of $0.481.

The dividend will be payable on August 12, 2016, to stockholders of record on August 3, 2016, with an ex-dividend date of August 1, 2016.

The annual yield on the dividend is 3.7 percent.

For a dividend history and other dividend-related data on Phillips 66 Partners (PSXP) click here.

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