Phillips 66 (PSX) Raises Quarterly Dividend by 4.7%, Yielding 1.82%

gurufocus.com · 2026-10-16

On October 16, 2026, Phillips 66 (NYSE: PSX) announced a quarterly dividend increase to $1.33 per share, up 4.7% from the previous $1.27. This dividend translat

TickrTrends take: Phillips 66 announced a quarterly dividend increase, which typically reflects management confidence in sustainable cash generation and shareholder returns. Given that TickrTrends currently rates PSX as undervalued, this dividend action may suggest the company believes its stock price does not fully reflect its earnings power or asset value. For valuation-focused investors, monitoring whether the stock price appreciates to close the perceived valuation gap while maintaining dividend growth will be important to track.

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