Phillips 66 (PSX) Dividends & Splits

Phillips 66 (PSX) is a multinational energy company that operates in a wide range of segments, including refining, marketing, and transportation of petroleum products. As a publicly-traded company, Phillips 66 provides its shareholders with a variety of benefits, including dividends and splits. Dividends can be an important component of an investor's total return, and Phillips 66 has a solid track record of providing consistent dividend payments. The dividend yield is a key metric that investors use to assess the income potential of a stock. For Phillips 66, the dividend yield is calculated by dividing the annual dividend payment by the stock's current price. This yield can fluctuate over time as the price of the stock changes.

The payout ratio is another important metric that investors consider when evaluating a company's dividend program. This ratio measures the percentage of a company's earnings that are paid out in dividends. A lower payout ratio indicates that a company has more room to increase its dividend payments in the future. Phillips 66 has a payout ratio of X%, which suggests that the company is able to comfortably sustain its current dividend payments.