Phillips 66 Partners (PSXP) Raises Quarterly Dividend 5.3% to $0.752; 5.8% Yield

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Go back to Phillips 66 Partners (PSXP) Raises Quarterly Dividend 5.3% to $0.752; 5.8% Yield

Phillips 66 Partners Announces 5.3 Percent Increase in Quarterly Cash Distribution

July 18, 2018 2:47 PM EDT

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a second-quarter 2018 cash distribution of $0.752 per common unit. This quarters distribution represents an increase of 5.3 percent over the previous quarterly distribution of $0.714 per unit and a 22.3 percent increase over second-quarter 2017. The distribution increase is consistent with previous guidance that the partnership expects a 30 percent compound annual distribution... More