Phillips 66 (PSX) Raises Quarterly Dividend 5.8% to $1.27; 3.2% Yield

Phillips 66 (NYSE: PSX) declared a quarterly dividend of $1.27 per share, or $5.08 annualized. This is a 5.8% increase from the prior dividend of $1.20.

The dividend will be payable on March 4, 2026, to stockholders of record on February 23, 2026, with an ex-dividend date of February 20, 2026.

The annual yield on the dividend is 3.2 percent.

“We are increasing the dividend this quarter, reflecting our confidence in our ability to generate through-cycle cash flows,” said Mark Lashier, chairman and CEO of Phillips 66.

“The strength and durability of cash flows from our combined businesses support our priority to return capital to shareholders through a secure, competitive and growing dividend,” Lashier said. “Since our formation in 2012, the annual dividend has increased every year, resulting in a significant 15 percent compound annual growth rate.”

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

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