The board of directors of Phillips 66 declared a quarterly dividend of $1.20 per share on Phillips 66 common stock, representing a $0.05 increase from the previous dividend of $1.15 per share. The dividend is payable on June 2, 2025, to shareholders of record as of the close of business on May 19, 2025.
Mark Lashier, chairman and CEO of Phillips 66, stated that this increase reflects the company's ongoing commitment to delivering value to shareholders. He emphasized that Phillips 66's disciplined approach to capital allocation and strong cash flow generation enables it to return over 50% of its net operating cash flow to investors.
Since its formation in 2012, Phillips 66 has consistently increased its annual dividend every year, achieving a significant 15% compound annual growth rate. This latest increase underscores the company's confidence in its ability to execute strategic priorities and provide a secure, competitive, and growing dividend.
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