(Phillips 66, 3.Apr.2024) — The board of directors of Phillips 66 (NYSE: PSX) declared a quarterly dividend of $1.15 per share on Phillips 66 common stock, representing a 10% increase. The dividend is payable on 3 Jun. 2024, to shareholders of record as of the close of business on 20 May 2024.
“The dividend increase reflects the confidence we have in our growing mid-cycle cash flow generation and disciplined approach to capital allocation, including a secure, competitive and growing dividend,” said Mark Lashier, president and CEO of Phillips 66.
“Since our formation in 2012, we have steadily raised our dividend, resulting in a 16% compound annual growth rate. We are well-positioned to continue delivering significant shareholder value through the successful execution of our strategic priorities, including returning $13bn to $15bn to shareholders through dividends and share repurchases between July 2022 and year-end 2024.”
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