Phillips 66 Boosts Quarterly Dividend 25%

Energy and logistics company Phillips 66 has announced plans to up its quarterly dividend payout 25%, from $0.3125 per share of common stock to $0.39.

The latest quarterly amount will be payable on Dec. 2 to shareholders of record as of Nov. 14.

Annualized, Phillips 66's dividend adds to $1.56 per share. As of the market's close on Oct. 2, the company had a stock price of $59.18, which means Phillips 66 currently has a dividend yield of 2.6%.

In February, the company increased its payout by 25%.

link

The article Phillips 66 Boosts Quarterly Dividend 25% originally appeared on Fool.com.

Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.