Phillips 66 Partners (PSXP) Raises Quarterly Dividend 7% to $0.458; 3.3% Yield

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Go back to Phillips 66 Partners (PSXP) Raises Quarterly Dividend 7% to $0.458; 3.3% Yield

Phillips 66 Partners Announces 7 Percent Increase in Quarterly Cash Distribution

January 21, 2016 3:02 PM EST

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a fourth-quarter 2015 cash distribution of $0.458 per common unit. This quarters distribution represents an increase of 7 percent over the previous quarterly distribution of $0.428 per unit and a 35 percent increase over fourth-quarter 2014. The distribution increase is consistent with previous guidance that the partnership expects a 30 percent compound annual... More