Phillips 66 (PSX) To Go Ex-Dividend on November 17th

Phillips 66 (NYSE:PSX) announced a quarterly dividend on Friday, October 16th. Investors of record on Tuesday, November 17th will be paid a dividend of $1.33 per share by the oil and gas company on Tuesday, December 1st. This represents a $5.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, November 17th. This is a 4.7% increase from Phillips 66’s previous quarterly dividend of $1.27.

Phillips 66 has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Phillips 66 has a payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Phillips 66 to earn $33.94 per share next year, which means the company should continue to be able to cover its $5.32 annual dividend with an expected future payout ratio of 15.7%.

Phillips 66 Trading Up 0.6%

Phillips 66 stock traded up $1.69 during trading hours on Friday, reaching $264.60. 3,006,235 shares of the company’s stock traded hands, compared to its average volume of 3,092,010. The firm has a market capitalization of $103.21 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 0.14 and a beta of 0.69. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.04 and a current ratio of 1.34. Phillips 66 has a fifty-two week low of $127.16 and a fifty-two week high of $299.39. The firm’s 50 day moving average is $268.77 and its 200-day moving average is $204.44.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, October 28th. The oil and gas company reported $14.08 earnings per share for the quarter, topping analysts’ consensus estimates of $11.73 by $2.35. Phillips 66 had a net margin of 7.27% and a return on equity of 33.12%. The business had revenue of $50.54 billion during the quarter, compared to the consensus estimate of $44.91 billion. During the same period in the previous year, the firm posted $2.52 earnings per share. On average, analysts predict that Phillips 66 will post 33.79 earnings per share for the current year.

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an integrated energy company with businesses spanning refining, midstream operations, chemicals, and marketing. It processes crude oil and other feedstocks into transportation fuels and other petroleum products, including gasoline, diesel, and jet fuel. The company’s midstream operations include the transportation, processing, storage, and marketing of crude oil, natural gas, natural gas liquids, and refined products. Phillips 66 also markets fuels and related products through retail and wholesale channels, including under the Phillips 66, 76, and JET brands.