Phillips 66 Dividends and Buybacks
Dividend criteria checks 6/6
Phillips 66 is a dividend paying company with a current yield of 3.51% that is well covered by earnings. Next payment date is on 2nd December, 2024 with an ex-dividend date of 18th November, 2024.
Key information
3.5%
Dividend yield
7.1%
Buyback Yield
| Total Shareholder Yield | 10.6% |
| Future Dividend Yield | 3.7% |
| Dividend Growth | 4.5% |
| Next dividend pay date | 02 Dec 24 |
| Ex dividend date | 18 Nov 24 |
| Dividend per share | US$4.600 |
| Payout ratio | 56% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PSXD's dividends per share have been stable in the past 10 years.
Growing Dividend: PSXD's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Phillips 66 Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PSXD) | 3.5% |
| Market Bottom 25% (AR) | 0.6% |
| Market Top 25% (AR) | 3.2% |
| Industry Average (Oil and Gas) | 15.0% |
| Analyst forecast (PSXD) (up to 3 years) | 3.7% |
Notable Dividend: PSXD's dividend (3.51%) is higher than the bottom 25% of dividend payers in the AR market (0.6%).
High Dividend: PSXD's dividend (3.51%) is in the top 25% of dividend payers in the AR market (3.18%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (55.9%), PSXD's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (64.8%), PSXD's dividend payments are covered by cash flows.