Phillips 66 Increases Quarterly Dividend to $1.33 Per Share

Investors in Houston-based Phillips 66 are set to see a payout bump as the energy company raises its quarterly dividend by 4.7%. The new rate of $1.33 per share moves up from the previous $1.27, reflecting the firm's latest capital allocation decision announced by the board.

October 16, 2026, 07:46 PM 305 0

Phillips 66 Increases Quarterly Dividend to $1.33 Per Share

This adjusted payout equates to an annual distribution of $5.32 per share. Based on the stock's closing price of $291.87 on Friday, the dividend now offers an annual yield of approximately 1.82%, a modest increase from the prior 1.74% mark.

The company has scheduled the payment for December 1. Shareholders of record as of the close of business on November 17 will be eligible to receive the dividend.

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