Phillips 66 As of December 7, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
PSX $3.88 5.4% 2.2% 0.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Midstream & Refining 3.8% 10 6.7% Quarter 2012

Phillips 66 (PSX) will raise its quarterly dividend by 5.4 percent to 97 cents per share in 2022. This follows a dividend hike of  2.2 percent to $0.92 per share in 2021 and marks 10 straight years of dividend growth for PSX.

The next PSX dividend is payable on June 1, 2022, to shareholders of record as of the close of business on May 23, 2022. The new annual rate of $3.88 per share yields 4.0% at a stock price of $97.

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners (PSXP), the company's master limited partnership, is an integral asset in the portfolio. Headquartered in Houston, the company has been paying a dividend to shareholders every year since at least 2012.

Dividend Calendar

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Ex-date Ticker Yield YTD hike
Dec 09 DVN 0.7% 0.0%
Dec 09 VFC 6.9% 0.0%
Dec 09 FDX 2.7% 53.3%
Dec 09 OXY 0.1% 1200.0%
Dec 12 BBY 4.3% 25.7%
Dec 13 LRCX 1.6% 15.0%
Dec 13 PHM 1.3% 0.0%
Dec 13 HPE 3.0% 0.0%
Dec 13 PSA 2.7% 0.0%
Dec 13 HCA 0.9% 16.7%