X
<

Why Phillips 66’s Diversified Growth Model Matters

PART:
1 2 3 4 5 6 7 8 9 10 11 12
Part 5
Why Phillips 66’s Diversified Growth Model Matters PART 5 OF 12

Do Analysts Expect Phillips 66’s Dividends to Surge?

Phillips 66’s dividends

Phillips 66 (PSX) dividend payments have been growing steadily for the past few years. In 3Q17, Phillips 66 made a dividend payment of $0.70 per share, which represents 25% growth from 3Q15. The dividend was announced on July 12, 2017, and paid on September 1, 2017.

Do Analysts Expect Phillips 66’s Dividends to Surge?

Interested in PSX? Don't miss the next report.

Receive e-mail alerts for new research on PSX

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Wall Street analysts anticipate Phillips 66’s dividend payment to stay stable in 4Q17 at $0.70 per share, likely because PSX has recently stepped up its dividend payment. From its past-two-year history, we can see that PSX has been increasing its dividend payments in the second quarter of every year.

Phillips 66’s dividend yield

Phillips 66’s current dividend yield now stands at 3.3%, up from the 2.8% we saw in 3Q15. The improvement in yield is likely due to the steeper growth in dividends compared to the rise in Phillips 66 stock price during the same period.

Peer dividend yields

Over the same period (since 3Q15), Andeavor’s (ANDV) dividend yield grew from 1.8% to 2.3%, while Marathon Petroleum’s (MPC) dividend yield improved from 2.3% to 3.0%. By comparison, the SPDR S&P 500 ETF’s (SPY) dividend yield rose from 1.8% in 3Q15 to the current level of 1.9%.

Valero Energy’s (VLO) dividend yield rose more sharply, from 2.4% to 4.0%, while Delek US Holdings’ (DK) and HollyFrontier’s (HFC) dividend yields soared from 1.7% and 2.7%, respectively, in 3Q15, to their current levels of 2.3% and 4.1%, respectively.

X

Please select a profession that best describes you: