Phillips 66 Announces Quarterly Dividend

Rhea-AI Summary

The board of directors at Phillips 66 has declared a quarterly dividend of 90 cents per share on common stock. This dividend is set to be paid on December 1, 2020, to shareholders on record as of the close of business on November 17, 2020. Phillips 66 is a diversified energy manufacturing and logistics company with a portfolio including Midstream, Chemicals, Refining, and Marketing and Specialties. As of June 30, 2020, the company reported assets totaling $55 billion.

Positive

• Quarterly dividend of 90 cents per share enhances shareholder income.
• Strong asset base of $55 billion indicates financial stability.

Negative

• None.

HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2020, to shareholders of record as of the close of business on Nov. 17, 2020.

About Phillips 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. Phillips 66 Partners, the company's master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,500 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of June 30, 2020. For more information, visit http://www.phillips66.com or follow us on Twitter @Phillips66Co.