How Much Will Phillips 66 Pay Out in Dividends This Year?

Core Viewpoint - Phillips 66 is committed to rewarding shareholders through consistent dividend increases, making it an attractive option for income-focused investors [1][2]. Group 1: Dividend Growth - The company has increased its dividend at a compound annual growth rate of 12% from 2013 to 2023 [1]. - Phillips 66 declared a quarterly dividend of $1.05 per share in February 2024, which was subsequently raised to $1.15 per share for dividends paid in June [2]. - The total expected dividends for the first three quarters of 2024 amount to $3.35, with a target of $4.50 per share for the entire year [2]. Group 2: Cash Flow and Payout - In 2023, Phillips 66 generated significant operational cash flow of $7 billion [3]. - The management aims to return over 50% of cash from operations to shareholders, supported by a low payout ratio averaging 27% over the past three years [3]. - The company is projected to return approximately $1.9 billion to shareholders in 2024 through dividends [2].