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MPC, VLO, ANDV, PSX: How 3Q17 Treated Refiners

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Part 5
MPC, VLO, ANDV, PSX: How 3Q17 Treated Refiners PART 5 OF 8

What Analysts Expect for Refining Stocks’ 4Q17 Dividends

Refining stocks’ dividend payment

Refining stocks Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) have delivered dividends to shareholders regularly for the past few years. In 3Q17, MPC’s dividend payment was $0.40 per share, 11% higher than its dividend in 3Q16. Similarly, ANDV’s dividend payment of $0.59 per share represents 7% growth from 3Q16. VLO and PSX both paid dividends of $0.70 per share, representing 17% and 11% growth from 3Q16, respectively.

What Analysts Expect for Refining Stocks&#8217; 4Q17 Dividends

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Analysts’ dividend expectations for refining stocks

Analysts expect refining stocks’ dividend payments to stay stable between 3Q17 and 4Q17, possibly because MPC’s, VLO’s, ANDV’s, and PSX’s dividends have already risen this year. MPC’s and ANDV’s dividend payments rose in 3Q17, VLO’s payment rose in 1Q17, and PSX’s dividend payment rose in 2Q17, similar to what was seen in 2016.

Refining stocks’ dividend yield

Valero has the highest dividend yield in the peer group, with 3.6%, and Andeavor has the lowest dividend yield, with 2.2%. MPC’s and PSX’s dividend yields are 2.8% and 3.0%, respectively. The SPDR S&P 500 ETF’s (SPY) dividend yield stands at 1.9%.

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