Phillips 66 Dividend
Dividend criteria checks 5/6
Phillips 66 is a dividend paying company with a current yield of 3.17% that is well covered by earnings. Next payment date is on 3rd June, 2024 with an ex-dividend date of 17th May, 2024.
Key information
3.2%
Dividend yield
32%
Payout ratio
| Industry average yield | 3.9% |
| Next dividend pay date | 03 Jun 24 |
| Ex dividend date | 17 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$13.66 |
| Dividend yield forecast in 3Y | 3.3% |
Recent dividend updates
Recent updates
Phillips 66: Turnaround Still Very Much A Work In Progress
Apr 29Lacklustre Performance Is Driving Phillips 66's (NYSE:PSX) Low P/E
Apr 15
Phillips 66: Despite A Dividend Hike, Upside May Be Limited (Rating Downgrade)
Apr 04Phillips 66 (NYSE:PSX) Hasn't Managed To Accelerate Its Returns
Mar 30Phillips 66 Still Has Fuel To Move Higher
Mar 06The Turnaround Star - Why I See Over 40% Upside For Phillips 66
Feb 12Phillips 66 (NYSE:PSX) Will Pay A Dividend Of $1.05
Feb 11Phillips 66: Analyzing Activist Elliot Management's $200 Price Target
Jan 24A Look At The Intrinsic Value Of Phillips 66 (NYSE:PSX)
Jan 17Phillips 66 Has A Lot More In Store For 2024
Jan 10Phillips 66's (NYSE:PSX) Shares Lagging The Market But So Is The Business
Jan 03Phillips 66's Portfolio Strength Will Continue
Dec 25Phillips 66 (NYSE:PSX) Seems To Use Debt Quite Sensibly
Dec 2160% Gains Plus Dividends With Phillips 66 If Elliott Is Right
Dec 053.6% Yield And Undervalued - Phillips 66 Is A Top-Tier Income Play
Nov 20Phillips 66's (NYSE:PSX) Returns On Capital Are Heading Higher
Nov 09Phillips 66: A Diversified Way To Benefit From A Strong Refining Environment
Nov 04Phillips 66 Benefiting From Historically High Distillate Yields
Oct 19Does Phillips 66 (NYSE:PSX) Deserve A Spot On Your Watchlist?
Oct 15Phillips 66: Crack Spread Decline Lowers EPS Estimate By Over Two-Thirds (Rating Downgrade)
Oct 04Calculating The Intrinsic Value Of Phillips 66 (NYSE:PSX)
Oct 03Phillips 66: As Good As It Gets
Sep 28Is Phillips 66 (NYSE:PSX) Using Too Much Debt?
Sep 20Phillips 66 Vs. Valero Energy: One Is A Buy, And One Is Not
Sep 04Phillips 66 - What To Make Of Its 4% Yield
Aug 25Investors Will Want Phillips 66's (NYSE:PSX) Growth In ROCE To Persist
Aug 09Phillips 66: Maintain Buy Recommendation Following Solid Q2 Results
Aug 08Phillips 66: Q2 Results To Show, Once Again, Weak Chemicals Margin
Jul 24Phillips 66: Refineries Have Established Their Strength
Jul 17With EPS Growth And More, Phillips 66 (NYSE:PSX) Makes An Interesting Case
Jul 04Calculating The Intrinsic Value Of Phillips 66 (NYSE:PSX)
Jun 22Is Phillips 66 (NYSE:PSX) Using Too Much Debt?
Jun 10Phillips 66: Impressive Fundamentals Provide For Long-Term Value
Jun 06Phillips 66: Harvesting Juicy Energy Dividends
May 30Phillips 66 (NYSE:PSX) Is Looking To Continue Growing Its Returns On Capital
May 05We Ran A Stock Scan For Earnings Growth And Phillips 66 (NYSE:PSX) Passed With Ease
Mar 27Estimating The Intrinsic Value Of Phillips 66 (NYSE:PSX)
Mar 13Phillips 66 Could Fuel Greater Portfolio Returns
Feb 23Phillips 66 (NYSE:PSX) Will Pay A Larger Dividend Than Last Year At $1.05
Feb 12Phillips 66: Buy The Drop And Secure A 3.9% Dividend Yield
Feb 06Phillips 66 Q4 2022 Earnings Preview
Jan 30Returns Are Gaining Momentum At Phillips 66 (NYSE:PSX)
Jan 28We Think Phillips 66 (NYSE:PSX) Can Stay On Top Of Its Debt
Jan 10Phillips 66 plans to return $10B -$12B to shareholders by 2024 end
Nov 09Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PSX's dividends per share have been stable in the past 10 years.
Growing Dividend: PSX's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Phillips 66 Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PSX) | 3.2% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Oil and Gas) | 3.9% |
| Analyst forecast in 3 Years (PSX) | 3.3% |
Notable Dividend: PSX's dividend (3.17%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: PSX's dividend (3.17%) is low compared to the top 25% of dividend payers in the US market (4.69%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32%), PSX's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (66.7%), PSX's dividend payments are covered by cash flows.