Phillips 66 Raises Quarterly Dividend to $1.33 Per Share

what happened

The board of directors of Phillips 66 declared a quarterly dividend of $1.33 per share on its common stock, up $0.06 from the previous level. The payment is scheduled for December 1, 2026, for shareholders on the register at the close of business on November 17, 2026.

Chairman and CEO Mark Lashier said this is the second dividend increase in 2026, lifting the annualized payout by 10.8% compared with the fourth quarter of 2025. “We are pleased to increase the quarterly dividend, reflecting the continued strength and resilience of our business,” he said. Since the company was formed in 2012, the annual dividend has risen every year, a compound annual growth rate of 14%.

The information is based on a TradingView report citing the original Business Wire press release.

why it matters

For investors, the move signals that the company keeps returning capital to shareholders while maintaining a strong financial position. A higher payout suggests management's confidence in cash flow from refining, marketing and its other businesses. For the sector, such decisions are a useful reference point when comparing the yields of US oil refiners.

market impact

PSX and US refiners: steady payouts support investor interest in dividend-paying energy stocks

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