The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock, representing an 8% increase. The dividend is payable on March 1, 2023, to shareholders of record as of the close of business on Feb. 21, 2023.
“Rewarding shareholders through a secure, competitive and growing dividend is a priority for Phillips 66,” said Mark Lashier, President and CEO of Phillips 66. “We have increased the dividend 12 times since our inception in 2012, resulting in a 17% compound annual growth rate. This dividend increase and our share repurchase program support our commitment to return $10 billion to $12 billion to shareholders by year-end 2024.”