Phillips 66 (PSX) Raises Quarterly Dividend to $1.33, Reflecting Strong Cash Flow

gurufocus.com · 2026-10-16

On October 16, 2026, Phillips 66 (NYSE: PSX) announced a quarterly dividend increase to $1.33 per share, up 6 cents from the previous payout. This marks the sec

TickrTrends take: Phillips 66's decision to increase its quarterly dividend reflects management confidence in sustained cash generation from its refining and midstream operations. Given TickrTrends' current undervalued assessment, investors monitoring the Energy sector should observe whether the company's ability to fund higher shareholder returns while maintaining operational investments continues to support the valuation gap, or whether dividend growth narrows the discount to intrinsic value over time.

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