Phillips 66 Announces Increase in Quarterly Dividend
May 08 2019 - 2:15PM
Business Wire
The board of directors of Phillips 66 (NYSE: PSX) has declared a
quarterly dividend of 90 cents per share on Phillips 66 common
stock, representing a 12.5% increase. The dividend is payable on
June 3, 2019, to shareholders of record as of the close of business
on May 20, 2019.
“The increase demonstrates our continued dedication to a secure,
competitive and growing dividend,” said Greg Garland, chairman and
CEO of Phillips 66. “We have increased the dividend nine times
since our inception in 2012, resulting in a 25% compound annual
growth rate. Disciplined capital allocation is fundamental to our
strategy, and we continue to balance investment in growth
opportunities that offer strong returns, with shareholder
distributions through dividends and share buybacks.”
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
integral to the portfolio. Headquartered in Houston, the company
has 14,300 employees committed to safety and operating excellence.
Phillips 66 had $58 billion of assets as of March 31, 2019. For
more information, visit http://www.phillips66.com/ or follow us on
Twitter @Phillips66Co.
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version on businesswire.com: https://www.businesswire.com/news/home/20190508005741/en/
Jeff Dietert, 832-765-2297 (investors)jeff.dietert@p66.com
or
Brent Shaw, 832-765-2297 (investors)brent.d.shaw@p66.com
or
Dennis Nuss, 832-765-1850 (media)dennis.h.nuss@p66.com
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