Phillips 66 Partners Announces 9 Percent Increase in Quarterly Cash Distribution

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Phillips 66 Partners (PSXP) Raises Quarterly Dividend 8.8% to $0.37; 2.1% Yield

April 22, 2015 3:02 PM EDT

Phillips 66 Partners (NYSE: PSXP) declared a quarterly dividend of $0.37 per share, or $1.48 annualized. This is an 8.8% increase from the prior dividend of $0.34.

The dividend will be payable on May 12, 2015, to stockholders of record on May 4, 2015, with an ex-dividend date of April 30,... More