Phillips 66 (PSX) Raises Quarterly Dividend 2.2% to $0.92; 4.6% Yield

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Phillips 66 Announces Increase in Quarterly Dividend, Repayment of Debt

October 8, 2021 12:32 PM EDT

HOUSTON--(BUSINESS WIRE)-- The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 92 cents per share on Phillips 66 common stock, representing a 2% increase. The dividend is payable on Dec. 1, 2021, to shareholders of record as of the close of business on Nov. 17, 2021.

Additionally, on Sept. 24, 2021, the company repaid the $500 million of outstanding borrowings under... More