Phillips 66 Partners (PSXP) Raises Quarterly Dividend 8.1% to $0.40; 2.7% Yield
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Phillips 66 Partners Announces 8 Percent Increase in Quarterly Cash Distribution
July 22, 2015 3:30 PM EDTHOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a second-quarter 2015 cash distribution of $0.40 per common unit. This quarters distribution represents an increase of 8 percent over the previous quarterly distribution of $0.37 per unit and a 33 percent increase over second-quarter 2014. The distribution increase is consistent with previous guidance that the partnership expects a 30 percent compound annual... More
