Phillips 66 Increases Dividend to $0.25 from $0.20
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 25 cents per share on Phillips 66 common stock, representing a 25 percent increase from the prior quarter. The dividend is payable on Dec. 3, 2012 to shareholders of record at the close of business on Oct. 15, 2012.
“This 25 percent increase reinforces our objective to provide competitive and growing dividends,” said Phillips 66 Chairman and CEO Greg C. Garland. “Allocating capital to dividends and repurchases while continuing to invest in the growth of our business is fundamental to our philosophy of delivering shareholder value.”
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.