Phillips 66 Partners (PSXP) Raises Quarterly Dividend 1.2% to $0.845; 6.8% Yield
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Phillips 66 Partners Increases Quarterly Cash Distribution
April 17, 2019 3:19 PM EDTHOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a first-quarter 2019 cash distribution of $0.845 per common unit, an increase of one cent per common unit from the fourth quarter of 2018. This is the twenty-second consecutive quarterly distribution increase since Phillips 66 Partners initial public offering in 2013 and represents an 18% increase compared to the first quarter 2018 distribution. The quarterly distribution is payable May14, 2019, to unitholders of record... More
