Diversified energy manufacturing and logistics company Phillips 66 (PSX) recently announced a quarterly dividend of 92 cents per share, an increase of about 2% from the previous dividend of 90 cents. Following the news, shares of the company appreciated 3.6% to close at $82.13 on Friday. The dividend will be paid on December 1, 2021 to shareholders of record as of November 17, 2021. The company’s annual dividend of $3.68 per share now reflects a dividend yield of 4.6% based on Friday’s closing price. Notably, the company has been raising its quarterly dividend consistently over the past eight years, making it an attractive choice for investors.
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Phillips 66 (NYSE:PSX)
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