03-04-2015, 09:53 AM
Adding to PSX. I know that dividends and dividend growth is more important than buybacks, but since spinning off from COP a couple years ago, PSX has really been retiring shares at a fast rate. I hope that this trend continues for the next few years, while some of PSX's non-refining divisions pick up steam. Their dividend growth rate has also been double-digits, and I think that might continue for a couple more years until it slows to the high single digits. I think that in a few years, I won't regret sticking with PSX. Any thoughts?