uploads/2018/11/Dividends.jpg

Where Do MPC, VLO, PSX, and HFC’s Dividend Yields Stand?

By

Updated

Dividend payments in the fourth quarter

Marathon Petroleum (MPC), Valero Energy (VLO), Phillips 66 (PSX), and HollyFrontier (HFC) have paid dividends regularly in the past few years. Before we discuss their dividend yields, let’s look at their dividend payments in the fourth quarter.

In the fourth quarter, Marathon Petroleum will pay a dividend of $0.46 per share on December 10—15% growth over the dividend paid in the fourth quarter of 2017. Valero Energy and Phillips 66’s dividend payment of $0.80 per share each in the fourth quarter represents 14% growth compared to the fourth quarter of 2017. However, HollyFrontier’s dividend payment of $0.33 per share has remained flat compared to the fourth quarter of 2017.

Article continues below advertisement

Dividend yields show a mixed trend

Refining stocks’ dividend yields have put up a mixed trend since the fourth quarter of 2017. While Marathon Petroleum, Valero Energy, and Phillips 66’s dividend yields have risen, HollyFrontier’s yield has declined. Valero Energy’s dividend yield has risen the most compared to Marathon Petroleum and Phillips 66.

Valero Energy’s current dividend yield stands at 3.8%. The company’s dividend yield has risen from 3.5% in the fourth quarter of 2017. Valero Energy’s dividend yield has risen due to the steep decline in its stock price in the current quarter, which we discussed in Part 1 of this series. The growth in the company’s dividends supported the rise in its dividend yield.

Similarly, Marathon Petroleum’s dividend yield has risen from 2.7% in the fourth quarter of 2017 to the current level of 2.8%. Likewise, Phillips 66’s dividend yield has increased from 3.1% to 3.3% during the same period.

However, HollyFrontier’s dividend yield has fallen from 3.6% in the fourth quarter of 2017 to the current level of 2.1%. Although HollyFrontier stock has declined in the current quarter, it’s higher than the same period last year. HollyFrontier’s dividend yield has fallen due to the rise in its stock price since the fourth quarter of 2017.

Advertisement

More From Market Realist