Phillips 66 Announces Increase in Quarterly Dividend
05/11/2022 - 11:55 AM
HOUSTON --(BUSINESS WIRE)--
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 97 cents per share on Phillips 66 common stock, representing a 5% increase. The dividend is payable on June 1, 2022 , to shareholders of record as of the close of business on May 23, 2022 .
“We are increasing our dividend this quarter as we resume our cadence of annual dividend increases. This dividend increase, along with the recently announced resumption of our share repurchase program, demonstrates our continuing commitment to shareholder returns. We have increased the dividend 11 times since our inception in 2012, resulting in an 18% compound annual growth rate,” said Phillips 66 Chairman and CEO Greg Garland . “Additionally, we paid down $1.45 billion
About Phillips 66
Phillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company’s portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston , Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn or Twitter .
View source version on businesswire.com : https://www.businesswire.com/news/home/20220510006368/en/
Jeff Dietert (investors)
jeff.dietert@p66.com
Shannon Holy (investors)
shannon.m.holy@p66.com
Thaddeus Herrick (media)
thaddeus.f.herrick@p66.com
Source: Phillips 66
PSX Rankings
#1564 Ranked by Stock Gains
PSX Stock Data
Industry
Petroleum Refineries
Sector
Manufacturing
Tags
Energy Minerals, Oil Refining/Marketing, Manufacturing, Petroleum Refineries
Country
US
City
Houston
About PSX
safety. honor. commitment. we are phillips 66, and we manufacture energy products you use every day. we refine and market petroleum products, such as gasoline, diesel, jet fuel and lubricants; gather and process natural gas and natural gas liquids (ngl) for powering businesses, heating homes, cooking and electricity; and manufacture petrochemicals, polymers and plastics found in cars, electronics, and other everyday goods. through financial strength and safe, reliable operations, we are delivering on a business strategy to enhance returns, grow the company, increase distributions to shareholders and build a highperforming team. we are phillips 66, and with our partners and suppliers, we create jobs. we have 14,000 colleagues in america and around the world. together we’re building a company founded on safety, honor and commitment. safety. we protect each other, our environment, and our communities. honor. we stand behind our word, and you can count on us to do the right
