HOUSTON--(BUSINESS WIRE)--
The board of directors of Phillips 66 (NYSE: PSX) has declared a
quarterly dividend of 50 cents per share on Phillips 66 common stock,
representing an increase of approximately 28 percent from the prior
quarter. The dividend is payable on June 2, 2014, to shareholders of
record at the close of business on May 19, 2014.
“This latest increase in regular dividends demonstrates our commitment
to disciplined capital allocation," said Greg Garland, chairman and CEO
of Phillips 66. “We have confidence in our capability to increase
distributions to shareholders while significantly growing our Midstream
and Chemicals businesses."
About Phillips 66
Built on more than 130 years of experience, Phillips 66 is a growing
energy manufacturing and logistics company with high-performing
Midstream, Chemicals, Refining, and Marketing and Specialties
businesses. This integrated portfolio enables Phillips 66 to capture
opportunities in a changing energy landscape. Headquartered in Houston,
the company has 13,500 employees who are committed to operating
excellence and safety. Phillips 66 had $51 billion of assets as of March
31, 2014. For more information, visit www.phillips66.com
or follow us on Twitter @Phillips66Co.
Source: Phillips 66