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PSX Phillips 66 dividend history, payout ratio & dates

Phillips 66's latest quarterly dividend was on May 17, 2024 (ex-date) with a payout of $1.15 per share. On an annualized basis, the company has a current payout of $4.3 per share. This brings the dividend yield to 3.07% based on its recent close price. The latest dividend has an increase of $0.1, or 10% from the prior distribution.

Key dates

  • PSX last dividend date: May 17, 2024
  • PSX next dividend date: Aug 20, 2024
PSX dividend stats
DPS
$4.3
Dividend yield
3.13%
Payout ratio
32.8%
vs. Energy sector
Dividend yield
3.81%
Payout ratio
50%

Dividend yield

What is Phillips 66 current dividend yield

Phillips 66's dividend yield of 3.07% is above its peers average but below the Energy sector and the industry average. Compared to its Energy sector average of 3.81%, Phillips 66's dividend yield is 19% lower. Historically PSX's dividend yield has averaged at 4.1% in the last 5 years, which is above the current yield.

Dividend history

What is PSX dividend payout history and dates

Phillips 66 has been paying dividends since 2012. PSX has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 6% since twelve months ago. But with the price of the stock up by 33% from a year ago, the dividend yield has a decrease of 20%.

Recent dividends

Ex-date Payment date Declared on Amount Type
May 17, 2024 Jun 3, 2024 Apr 3, 2024 $1.15 normal
Feb 16, 2024 Mar 1, 2024 Feb 7, 2024 $1.05 normal
Nov 16, 2023 Dec 1, 2023 Oct 6, 2023 $1.05 normal
Aug 17, 2023 Sep 1, 2023 Jul 12, 2023 $1.05 normal
May 19, 2023 Jun 1, 2023 May 10, 2023 $1.05 normal
Feb 17, 2023 Mar 1, 2023 Feb 8, 2023 $1.05 normal
Nov 16, 2022 Dec 1, 2022 Oct 7, 2022 $0.97 normal
Aug 17, 2022 Sep 1, 2022 Jul 12, 2022 $0.97 normal
May 20, 2022 Jun 1, 2022 May 11, 2022 $0.97 normal
Feb 18, 2022 Mar 1, 2022 Feb 9, 2022 $0.92 normal
Nov 16, 2021 Dec 1, 2021 Oct 8, 2021 $0.92 normal
Aug 17, 2021 Sep 1, 2021 Jul 14, 2021 $0.9 normal
May 21, 2021 Jun 1, 2021 May 12, 2021 $0.9 normal
Feb 19, 2021 Mar 1, 2021 Feb 10, 2021 $0.9 normal
Nov 16, 2020 Dec 1, 2020 Oct 9, 2020 $0.9 normal
Aug 17, 2020 Sep 1, 2020 Jul 8, 2020 $0.9 normal
May 15, 2020 Jun 1, 2020 May 6, 2020 $0.9 normal
Feb 14, 2020 Mar 2, 2020 Feb 5, 2020 $0.9 normal
Nov 15, 2019 Dec 2, 2019 Oct 4, 2019 $0.9 normal
Aug 19, 2019 Sep 3, 2019 Jul 10, 2019 $0.9 normal
May 17, 2019 Jun 3, 2019 May 8, 2019 $0.9 normal
Feb 15, 2019 Mar 1, 2019 Feb 6, 2019 $0.8 normal
Nov 16, 2018 Dec 3, 2018 Oct 5, 2018 $0.8 normal
Aug 20, 2018 Sep 4, 2018 Jul 11, 2018 $0.8 normal
May 18, 2018 Jun 1, 2018 May 9, 2018 $0.8 normal
Feb 16, 2018 Mar 1, 2018 Feb 7, 2018 $0.7 normal
Nov 16, 2017 Dec 1, 2017 Oct 9, 2017 $0.7 normal
Aug 16, 2017 Sep 1, 2017 Jul 12, 2017 $0.7 normal
May 16, 2017 Jun 1, 2017 $0.7 normal
Feb 16, 2017 Mar 1, 2017 Feb 8, 2017 $0.63 normal
Nov 15, 2016 Dec 1, 2016 Oct 7, 2016 $0.63 normal
Aug 16, 2016 Sep 1, 2016 Jul 13, 2016 $0.63 normal
May 16, 2016 Jun 1, 2016 May 4, 2016 $0.63 normal
Feb 11, 2016 Mar 1, 2016 Feb 3, 2016 $0.56 normal
Nov 10, 2015 Dec 1, 2015 $0.56 normal
Aug 13, 2015 Sep 1, 2015 $0.56 normal

Phillips 66 dividend payout ratio

What is Phillips 66 dividend payout ratio compared to the sector

Payout ratio

Phillips 66's payout ratio of 32.8% is below the Energy sector, the industry and its peers average. Compared to its Energy sector average of 50%, Phillips 66's payout ratio is 34% lower.

Total amount of dividends paid per financial year (from cash flow)

PSX dividend vs peer dividends

How does PSX dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
CVX Chevron Corp 4.06% $6.28 57.5%
XOM Exxon Mobil Corp 3.31% $3.76 46.1%
PSX Phillips 66 3.13% $4.3 32.8%
VLO Valero Energy Corp 2.85% $4.18 20.5%
MPC Marathon Petroleum Corp 1.97% $3.23 15.9%

Frequently asked questions

Does Phillips 66 pay a dividend?

Yes, Phillips 66 has paid four dividends in the last twelve months. PSX has been paying dividends since 2012.

When is Phillips 66's next dividend?

PSX has announced its next dividend with ex-date Aug 20, 2024.

When was PSX's last dividend?

Phillips 66's last dividend ex-date was on May 17, 2024. The dividend amount was $1.15 per share.

How much dividend does Phillips 66 pay (per share)?

PSX has paid dividend of $4.3 per share in the last year.

What is Phillips 66's dividend yield?

Phillips 66's current dividend yield is 3.07%.

How often does Phillips 66 pay dividends?

Phillips 66 pays dividends quarterly.

What is Phillips 66's dividend payout ratio?

The dividend payout ratio of Phillips 66 is 32.8%.

Does Phillips 66 pay a good dividend?

Phillips 66's dividend yield is below the Energy sector average.