Phillips 66 (PSX) Dividends
Market Cap: $40.38B
Avg Volume: 3.84M
Industry: Oil & Gas Refining & Marketing
Sector: Energy
Dividend Overview
Phillips 66 (PSX) pays a quarterly dividend to its shareholders. The current dividend yield is 3.62%, which means that for every $100 invested at the current price, investors would receive approximately $3.62 in dividends per year (this can change based on future dividend payments and price movements).
About PSX's Dividend
Phillips 66 pays a quarterly dividend of $1.15 per share, which totals $4.60 annually. This means that for each share you own, you'll receive $4.60 in dividends over the course of a year, distributed across four quarterly payments.
The most recent ex-dividend date was February 24, 2025. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Phillips 66's payout ratio is 0.89% which means that 0.89% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
PSX Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $1.15 | 3.62% | February 24, 2025 | February 24, 2025 | March 05, 2025 | February 12, 2025 |
| $1.15 | 3.43% | November 18, 2024 | November 18, 2024 | December 02, 2024 | October 11, 2024 |
| $1.15 | 3.32% | August 20, 2024 | August 20, 2024 | September 03, 2024 | July 10, 2024 |
| $1.15 | 2.92% | May 17, 2024 | May 20, 2024 | June 03, 2024 | April 03, 2024 |
| $1.05 | 2.92% | February 16, 2024 | February 20, 2024 | March 01, 2024 | February 07, 2024 |
| $1.05 | 3.70% | November 16, 2023 | November 17, 2023 | December 01, 2023 | October 06, 2023 |
| $1.05 | 3.63% | August 17, 2023 | August 18, 2023 | September 01, 2023 | July 12, 2023 |
| $1.05 | 4.26% | May 19, 2023 | May 22, 2023 | June 01, 2023 | May 10, 2023 |
| $1.05 | 3.98% | February 17, 2023 | February 21, 2023 | March 01, 2023 | February 08, 2023 |
| $0.97 | 3.56% | November 16, 2022 | November 17, 2022 | December 01, 2022 | October 07, 2022 |
| $0.97 | 4.21% | August 17, 2022 | August 18, 2022 | September 01, 2022 | July 12, 2022 |
| $0.97 | 3.93% | May 20, 2022 | May 23, 2022 | June 01, 2022 | May 11, 2022 |
| $0.92 | 4.23% | February 18, 2022 | February 22, 2022 | March 01, 2022 | February 09, 2022 |
| $0.92 | 4.62% | November 16, 2021 | November 17, 2021 | December 01, 2021 | October 08, 2021 |
| $0.9 | 5.06% | August 17, 2021 | August 18, 2021 | September 01, 2021 | July 14, 2021 |
| $0.9 | 4.22% | May 21, 2021 | May 24, 2021 | June 01, 2021 | May 12, 2021 |
| $0.9 | 4.35% | February 19, 2021 | February 22, 2021 | March 01, 2021 | February 10, 2021 |
| $0.9 | 5.75% | November 16, 2020 | November 17, 2020 | December 01, 2020 | October 09, 2020 |
| $0.9 | 5.77% | August 17, 2020 | August 18, 2020 | September 01, 2020 | July 08, 2020 |
| $0.9 | 5.08% | May 15, 2020 | May 18, 2020 | June 01, 2020 | May 06, 2020 |
| $0.9 | 4.02% | February 14, 2020 | February 18, 2020 | March 02, 2020 | February 05, 2020 |
| $0.9 | 2.96% | November 15, 2019 | November 18, 2019 | December 02, 2019 | October 04, 2019 |
| $0.9 | 3.44% | August 19, 2019 | August 20, 2019 | September 03, 2019 | July 10, 2019 |
| $0.9 | 3.89% | May 17, 2019 | May 20, 2019 | June 03, 2019 | May 08, 2019 |
| $0.8 | 3.33% | February 15, 2019 | February 19, 2019 | March 01, 2019 | February 06, 2019 |
| $0.8 | 3.21% | November 16, 2018 | November 19, 2018 | December 03, 2018 | October 05, 2018 |
| $0.8 | 2.58% | August 20, 2018 | August 21, 2018 | September 04, 2018 | July 11, 2018 |
| $0.8 | 2.41% | May 18, 2018 | May 21, 2018 | June 01, 2018 | May 09, 2018 |
| $0.7 | 3.04% | February 16, 2018 | February 20, 2018 | March 01, 2018 | February 07, 2018 |
| $0.7 | 2.95% | November 16, 2017 | November 17, 2017 | December 01, 2017 | October 09, 2017 |
| $0.7 | 3.20% | August 16, 2017 | August 18, 2017 | September 01, 2017 | July 12, 2017 |
| $0.7 | 3.30% | May 16, 2017 | May 18, 2017 | June 01, 2017 | May 03, 2017 |
| $0.63 | 3.21% | February 16, 2017 | February 21, 2017 | March 01, 2017 | February 08, 2017 |
| $0.63 | 2.93% | November 15, 2016 | November 17, 2016 | December 01, 2016 | October 07, 2016 |
| $0.63 | 3.05% | August 16, 2016 | August 18, 2016 | September 01, 2016 | July 13, 2016 |
| $0.63 | 2.94% | May 16, 2016 | May 18, 2016 | June 01, 2016 | May 04, 2016 |
| $0.56 | 3.07% | February 11, 2016 | February 16, 2016 | March 01, 2016 | February 03, 2016 |
| $0.56 | 2.37% | November 10, 2015 | November 13, 2015 | December 01, 2015 | October 09, 2015 |
| $0.56 | 2.55% | August 13, 2015 | August 17, 2015 | September 01, 2015 | July 09, 2015 |
| $0.56 | 2.52% | May 14, 2015 | May 18, 2015 | June 01, 2015 | May 07, 2015 |
| $0.5 | 2.66% | February 12, 2015 | February 17, 2015 | March 02, 2015 | February 04, 2015 |
| $0.5 | 2.59% | November 12, 2014 | November 14, 2014 | December 01, 2014 | October 01, 2014 |
| $0.5 | 2.15% | August 13, 2014 | August 15, 2014 | September 02, 2014 | July 09, 2014 |
| $0.5 | 1.94% | May 15, 2014 | May 19, 2014 | June 02, 2014 | May 07, 2014 |
| $0.39 | 1.88% | February 13, 2014 | February 18, 2014 | March 03, 2014 | February 07, 2014 |
| $0.39 | 1.55% | November 12, 2013 | November 14, 2013 | December 02, 2013 | October 02, 2013 |
| $0.3125 | 2.02% | August 14, 2013 | August 16, 2013 | September 03, 2013 | July 10, 2013 |
| $0.3125 | 1.37% | May 16, 2013 | May 20, 2013 | June 03, 2013 | May 08, 2013 |
| $0.3125 | 0.87% | February 19, 2013 | February 21, 2013 | March 01, 2013 | February 12, 2013 |
| $0.25 | 0.56% | October 11, 2012 | October 15, 2012 | December 03, 2012 | October 03, 2012 |
| $0.2 | 0.56% | July 19, 2012 | July 23, 2012 | September 04, 2012 | July 11, 2012 |
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for PSX
- Dividend Payout Ratio: 0.89% Low risk
- Dividend & Capex Coverage Ratio: 1.12x Adequate coverage
- Dividend Frequency: Quarterly
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Phillips 66's payout ratio is 0.89% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 1.12x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This ratio above 1.0x indicates Phillips 66 can cover its dividends and necessary investments from its operating cash flow, but has limited cushion.
Phillips 66's quarterly dividend structure is the most common among dividend-paying companies, providing a balance between regular income for investors and financial flexibility for the company.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.