Phillips 66 Announces Quarterly Dividend of $1.27 (NYSE:PSX)

Phillips 66 (NYSE:PSX) announced a quarterly dividend on Friday, April 17th. Shareholders of record on Monday, May 18th will be given a dividend of 1.27 per share by the oil and gas company on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, May 18th.

Phillips 66 has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. Phillips 66 has a payout ratio of 49.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Phillips 66 to earn $18.08 per share next year, which means the company should continue to be able to cover its $5.08 annual dividend with an expected future payout ratio of 28.1%.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $176.42 on Friday. Phillips 66 has a fifty-two week low of $109.75 and a fifty-two week high of $190.61. The business has a 50-day moving average of $170.79 and a two-hundred day moving average of $151.81. The stock has a market capitalization of $70.73 billion, a P/E ratio of 17.38, a P/E/G ratio of 0.26 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $1.03. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The company had revenue of $32.54 billion during the quarter, compared to analysts’ expectations of $35.86 billion. During the same quarter in the previous year, the firm earned ($0.90) earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts predict that Phillips 66 will post 17.39 EPS for the current fiscal year.

About Phillips 66

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.