Phillips 66 (PSX) Raises Quarterly Dividend To $1.33 Per Share

Phillips 66 (NYSE: PSX) announced an increase to its quarterly dividend, signaling a higher regular cash return to shareholders. The revised payout applies to upcoming dividend distributions, affecting current holders and investors considering income from Phillips 66 shares. Management framed the dividend change as part of its broader capital return approach to shareholders. The dividend hike at Phillips 66 is important, but the business story runs deeper than this payout move. Check out 2...