Ex-Dividend Alert: Phillips 66 Boosted its Dividend by 14%; Will Trade Ex-Dividend on May 18, 2018

LONDON, UK / ACCESSWIRE / May 17, 2018 / Active-Investors has a free review on Phillips 66 (NYSE: PSX) following the Company’s announcement that it will begin trading ex-dividend on May 18, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 17, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on PSX:

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Dividend Declared

On May 09, 2018, Phillips 66’s Board of Directors declared a quarterly dividend of $0.80 per share on its common stock, representing a 14% increase. The dividend is payable on June 01, 2018, to shareholders of record as of the close of business on May 21, 2018.

Philips 66′ indicated dividend represents a yield of 2.71%, which is substantially higher than the average dividend yield of 2.29% for the Basic Materials sector. The Company has increased the dividend eight times since its inception in 2012, resulting in a 27% compound annual growth rate.

Dividend Insights

Philips 66 has a dividend payout ratio of 44.9%, which denotes that the Company spends approximately $0.45 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Philips 66 is forecasted to report earnings of $8.56 per share for the next year, which is more than double compared to the Company’s annualized dividend of $3.20 per share.

During the first quarter 2018, Phillips 66 generated $488 million in cash from operations. Excluding working capital impacts, the Company’s operating cash flow was $1.3 billion. Phillips 66 funded $3.5 billion in share repurchases, $327 million in dividends, and $328 million of capital expenditures and investments during the reported quarter. As of March 31, 2018, Philips 66’s cash and cash equivalents were $842 million, and consolidated debt was $11.6 billion, including $2.9 billion at PSXP. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About Philips 66

Phillips 66 is a diversified energy manufacturing and logistics Company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores, and markets fuels and products globally.

Headquartered in Houston, Phillips 66 has 14,500 employees committed to safety and operating excellence. The Company had $52 billion of assets as of March 31, 2018.

Stock Performance Snapshot

May 16, 2018 – At Wednesday’s closing bell, Phillips 66’s stock marginally declined 0.14%, ending the trading session at $118.16.

Volume traded for the day: 2.03 million shares.

Stock performance in the last month – up 9.55%; previous three-month period – up 26.60%; past twelve-month period – up 50.45%; and year-to-date – up 16.82%

After yesterday’s close, Phillips 66’s market cap was at $57.55 billion.

Price to Earnings (P/E) ratio was at 25.53.

The stock has a dividend yield of 2.37%.

The stock is part of the Basic Materials sector, categorized under the Oil & Gas Refining & Marketing industry. This sector was up 0.5% at the end of the session.

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