Phillips 66 Declares Quarterly Dividend

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Phillips 66 is letting its dividend flow. The company announced it will distribute a payout of $0.3125 per share of its common stock. This will be handed out on June 3 to shareholders of record as of May 20. This matches its previous disbursement, which was paid at the beginning of March.

The newly declared payout is only the fourth shareholder distribution from the young company,  created in a spinoff by energy major ConocoPhillips last year.

The current dividend annualizes to $1.25 per share. That yields just under 2% at Phillips 66's most recent closing stock price of $63.41.

The article Phillips 66 Declares Quarterly Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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