Phillips 66 Partners hikes distribution by 5.3% Dividendhike.com | Dividend News and Statistics for US Equities

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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 5.3%

Wednesday 18 July 2018

Phillips 66 Partners hikes distribution by 5.3%

Phillips 66 Partners (PSXP) wil raise its quarterly distribution by 5.3 percent to $0.7520 per unit in the third quarter of 2018.

The MLP has now raised its distribution every year since its initiation in 2013.

The dividend is payable on Sept. 4, 2018, to shareholders of record as of the close of business on Aug. 21, 2018. The new annual distribution yields 5.7% at a current stock price of $110.44.

Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 (PSX) 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

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