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

Phillips 66 (NYSE:PSX) declared a quarterly dividend on Friday, April 17th. Stockholders of record on Monday, May 18th will be paid 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 dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, May 18th.

Phillips 66 has raised its dividend by an average of 0.1%per year over the last three years and has increased 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 Stock Up 2.9%

Shares of PSX opened at $176.42 on Friday. The company has a 50-day simple moving average of $170.79 and a 200-day simple moving average of $151.81. The firm 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 quick ratio of 0.85 and a current ratio of 1.13. Phillips 66 has a 52 week low of $109.75 and a 52 week high of $190.61.

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

Phillips 66 Company Profile

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.