Phillips 66 Raises Quarterly Dividend by 4.7% to $1.33
Dow Jones10-16 23:05
Phillips 66's board has raised the downstream energy provider's quarterly dividend by 4.7%, to $1.33 from $1.27.
The new payout, equal to $5.32 a year, represents an annual yield of about 1.82% based on Friday's trading price of $291.87, up from 1.74%.
The Houston company said the increased dividend is payable Dec. 1 to shareholders of record Nov. 17.
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