Phillips 66 Partners hikes distribution by 5.1% Dividendhike.com | Dividend News and Statistics for US Equities

Headlines

PSX - Phillips 66 hikes dividend by 9.5% AOS - A.O. Smith hikes dividend by 6.7% to $0.32 quarterly per share LMT - Lockheed Martin hikes dividend by 5% to $3.15 quarterly per share MCD - McDonald's hikes dividend by 9.9% to $1.67 quarterly per share AFG - American Financial Group hikes dividend by 12.7% to $0.71 quarterly HON - Honeywell hikes dividend by 4.9% to $1.08 quarterly per share HWM - Howmet Aerospace hikes dividend by 25% to $0.05 quarterly per share CNP - Centerpoint Energy hikes dividend by 5.3% to $0.20 quarterly per share FE - FirstEnergy Corp hikes dividend by 5.1% to $0.41 quarterly per share TXN - Texas Instruments hikes dividend by 4.8% to $1.30 quarterly per share SBUX - Starbucks hikes dividend by 7.5% to $0.57 quarterly per share MSFT - Microsoft hikes dividend by 10.3% to $0.75 quarterly per share KDP - Keurig Dr Pepper hikes dividend by 7.5% to $0.215 quarterly per share O - Realty Income hikes monthly dividend by 0.2% to $0.256 per share EG - Everest Group hikes dividend by 6.1% to $1.75 quarterly per share

Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Phillips 66 Partners	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Phillips 66 Partners	PSXP	N/A	N/A	N/A	N/A
N/A	N/A	N/A	N/A	N/A	N/A

Phillips 66 Partners hikes distribution by 5.1%

Wednesday 19 October 2016

Phillips 66 Partners LP (PSXP) will raise its quarterly distribution to $0.531 per unit.

This quarter’s distribution represents an increase of 5 percent over the previous quarterly distribution of $0.505 per unit and a 24 percent increase over third-quarter 2015. The distribution increase is consistent with previous guidance that the partnership expects a 30 percent compound annual distribution growth rate from the last quarter of 2013 through 2018. This is the twelfth consecutive quarterly distribution increase since Phillips 66 Partners’ initial public offering in 2013. The third-quarter distribution is payable Nov. 14, 2016, to unitholders of record as of Nov. 2, 2016.

PSXP currently has an estimated yield of 4.5%.

Phillips 66 Partners is a master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum product and natural gas liquids pipelines and terminals and other transportation and midstream assets.

Phillips 66 Partners

MLPs

Dividend Calendar