HOUSTON--(BUSINESS WIRE)--
The board of directors of Phillips 66 (NYSE: PSX) has declared a
quarterly dividend of 80 cents per share on Phillips 66 common stock,
representing a 14 percent increase. The dividend is payable on June 1,
2018, to shareholders of record as of the close of business on May 21,
2018.
“A secure, competitive and growing dividend is fundamental to our
capital allocation strategy,” said Greg Garland, chairman and CEO of
Phillips 66. “We have increased the dividend eight times since our
inception in 2012, resulting in a 27 percent compound annual growth rate
and demonstrating our strong commitment of returning value to
shareholders.”
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 14,500 employees committed to safety and
operating excellence. Phillips 66 had $52 billion of assets as of March
31, 2018. For more information, visit www.phillips66.com
or follow us on Twitter @Phillips66Co.
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Source: Phillips 66