10-02-2013, 10:32 AM
Boom!
25% increase to quarterly dividend!
Forward yield of 2.64% at current price. I guess the spinoff of midstream assets is working to juice the yield as I had hoped.
25% increase to quarterly dividend!
Quote:“Our objective is to consistently increase shareholder distributions, while also capturing attractive opportunities to reinvest in our businesses and grow future returns," said Phillips 66 Chairman and CEO Greg Garland. “Returning capital to our shareholders remains a priority for Phillips 66, and we are pleased to deliver another increase in our quarterly dividend.”
Forward yield of 2.64% at current price. I guess the spinoff of midstream assets is working to juice the yield as I had hoped.