Phillips 66 Partners (PSXP) Raises Quarterly Dividend 5% to $0.646; 5.1% Yield
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Phillips 66 Partners Announces 5 Percent Increase in Quarterly Cash Distribution
October 18, 2017 3:12 PM EDTHOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a third-quarter 2017 cash distribution of $0.646 per common unit. This quarters distribution represents an increase of 5 percent over the previous quarterly distribution of $0.615 per unit and a 22 percent increase over third-quarter 2016. The distribution increase is consistent with previous guidance that the partnership expects a 30 percent compound annual distribution growth rate from the last... More
