Phillips 66 Partners (PSXP) Raises Quarterly Dividend 5.4% to $0.835; 6.9% Yield

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Go back to Phillips 66 Partners (PSXP) Raises Quarterly Dividend 5.4% to $0.835; 6.9% Yield

Phillips 66 Partners Announces 5.4 Percent Increase in Quarterly Cash Distribution

January 22, 2019 3:19 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 2018 cash distribution of $0.835 per common unit. This quarters distribution represents an increase of 5.4 percent over the previous quarterly distribution of $0.792 per unit and a 23.2 percent increase over fourth-quarter 2017. With this distribution increase, the partnership has achieved its stated objective of a 30 percent compound annual distribution growth rate from the... More