Phillips 66 Announces Increase in Quarterly Dividend
May 03 2017 - 2:09PM
Business Wire
The board of directors of Phillips 66 (NYSE: PSX) has declared a
quarterly dividend of 70 cents per share on Phillips 66 common
stock, representing an 11 percent increase. The dividend is payable
on June 1, 2017, to shareholders of record as of the close of
business on May 18, 2017. Since the first dividend paid by Phillips
66 in 2012, the board has increased the dividend seven times,
representing a 30 percent compound annual growth rate.
“Returning capital to our shareholders remains a priority for
Phillips 66, and we are pleased to deliver another increase in our
quarterly dividend,” said Greg Garland, chairman and CEO of
Phillips 66. “We are committed to maintaining a growing, secure and
competitive dividend as part of our disciplined approach to capital
allocation.”
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics
company. With a portfolio of Midstream, Chemicals, Refining, and
Marketing and Specialties businesses, the company processes,
transports, stores and markets fuels and products globally.
Phillips 66 Partners, the company's master limited partnership, is
an integral asset in the portfolio. Headquartered in Houston, the
company has 14,600 employees committed to safety and operating
excellence. Phillips 66 had $51 billion of assets as of March 31,
2017. For more information, visit www.phillips66.com or follow us
on Twitter @Phillips66Co.
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version on businesswire.com: http://www.businesswire.com/news/home/20170503006352/en/
Phillips 66Jeff Dietert, 832-765-2297
(investors)jeff.dietert@p66.comorRosy Zuklic,
832-765-2297 (investors)rosy.zuklic@p66.comorC.W. Mallon,
832-765-2297 (investors)c.w.mallon@p66.comorDennis Nuss,
832-765-1850 (media)dennis.h.nuss@p66.com
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