PSX Phillips 66 — dividend yield, history & ex-dividend dates
Phillips 66 operates as a diversified energy company, specializing in both manufacturing and logistics. Its comprehensive business model is structured across four primary segments: Midstream, Chemicals, Refining, and Marketing & Specialties (M&S). The Midstream division manages the vital infrastructure for transporting and processing various energy commodities. This includes moving crude oil and other feedstocks, delivering refined petroleum products to market, offering terminaling and storage solutions, and handling natural gas liquids (NGLs) through processes like transportation, storage, fractionation, export, and marketing. It also provides fee-based processing services and oversees the gathering, processing, transportation, and marketing of natural gas. The Chemicals segment is dedicated to the production and distribution of a broad spectrum of chemical products. This encompasses olefins like ethylene, aromatics and styrenics such as benzene, cyclohexane, styrene, and polystyrene, alongside various specialty chemicals. These specialty products include organosulfur compounds, solvents, catalysts, and chemicals utilized in drilling and mining operations. Through its Refining segment, Phillips 66 transforms crude oil and other feedstocks into essential petroleum products. These include different grades of gasoline, distillates, aviation fuels, and renewable fuels, processed at its network of 12 refineries located in the United States and Europe. The Marketing & Specialties (M&S) segment focuses on the procurement, resale, and marketing of refined petroleum products like gasolines, distillates, and aviation fuels, primarily serving markets in the United States and Europe. This segment also manufactures and distributes specialized products, including base oils and lubricants. Phillips 66, founded in 1875, is headquartered in Houston, Texas.
Dividend Snapshot
Research Scores
Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.
How the Dividend Safety Score is built for PSX
| Input | Value | Points | Weight |
|---|---|---|---|
| Earnings payout ratio | Earnings payout ratio 28% (TTM to Jun 30, 2026) | 100 | 20% |
| FCF payout ratio | FCF payout ratio 31% (TTM to Jun 30, 2026) | 100 | 25% |
| Net debt / EBITDA | Net debt / EBITDA 1.3x (TTM to Jun 30, 2026) | 96 | 15% |
| Interest coverage | Interest coverage 8.7x (TTM to Jun 30, 2026) | 86 | 10% |
| Dividend record | 14 years of uninterrupted regular payments | 75 | 20% |
| Earnings stability | Net income positive in 5 of the last 5 fiscal years (FY2021–FY2025) | 100 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
How the Dividend Growth Score is built for PSX
| Input | Value | Points | Weight |
|---|---|---|---|
| 5-year dividend growth | 5-year dividend CAGR 5.7% (2020–2025) | 76 | 25% |
| Consecutive annual increases | 12 consecutive annual increases (through 2025) | 83 | 20% |
| Payout headroom | Headroom from the earnings payout ratio 28% (TTM to Jun 30, 2026) | 100 | 20% |
| Earnings per share growth (3 years) | EPS CAGR -22.6% (FY2022–FY2025) | 0 | 15% |
| Revenue growth (3 years) | Revenue CAGR -8.1% (FY2022–FY2025) | 10 | 10% |
| 10-year dividend growth | 10-year dividend CAGR 8.1% (2015–2025) | 90 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
How the Dividend Value Score is built for PSX
| Input | Value | Points | Weight |
|---|---|---|---|
| Yield vs own history | Current yield at the 0th percentile of its 120 month-end yields | 0 | 40% |
| P/E vs own 5-year median | P/E 16.2 is 1.35x its 5-year median of 12.0 | 12 | 25% |
| FCF yield | FCF yield 5.8% (TTM to Jun 30, 2026) | 78 | 20% |
| P/E vs peers | P/E 16.2 vs peer median 21.0 (0.77x; 50 corporation / Energy securities) | 79 | 15% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
Key Metrics
Current Yield
1.94%
At the Oct 29, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Dividend
$5.3200
Declared Oct 16, 2026
The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.Frequency
Q Quarterly
How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.RSI (14)
49
As of Oct 29, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$127.75 – $297.29
Closes through Oct 23, 2026
The lowest and highest price over the past year, showing where today's price sits in its recent range.Payout Ratio (TTM)
27.96%
12 months to Jun 30, 2026 (Q2 FY2026)
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
14
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book (TTM)
3.60
Price as of Oct 25, 2026; latest reported book value
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Dividend Growth
How often a record like this ends in a cut
PSX has raised its annual dividend in 12 separate years since July 2012, which ranks 932 among the 2,430 payers with a comparable record in our dataset. No year in that span saw the annual total fall by more than a fifth.
Of the 878 companies we track with 10 to 24 years of increases, 661 — 75 per cent — also have at least one year in which the dividend fell by more than 20 per cent. Across every company with twenty years of comparable history, only 277 of 1078 (26 per cent) have never cut. A long record of increases is common; a record with no cut anywhere in it is not.
Measured from annual totals using split-adjusted amounts, comparing only consecutive years with the same number of payments — a stock split and a payment shifting across a year boundary both look like cuts otherwise. The current year is excluded as incomplete. How we measure a cut, and what the corrections change. Figures are for information only, not a view on any security.
Why the Yield Moved (90 Days)
PSX's dividend yield fell from 2.46% to 1.94% over the past ~90 days (-0.52 pp). Of that move, +0.09 pp came from changes in the dividend rate and -0.61 pp from the share price ($206.19 on Aug 03, 2026 → $273.76 on Oct 29, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 272 daily observations over the past 13 months (through Oct 23, 2026), PSX's current yield is higher than approximately 8% of them. Our stored price history for PSX covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Dividend History
Dividend Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $1.3300 Q | Regular upcoming, declared | Oct 16, 2026 | Nov 17, 2026 | Nov 17, 2026 | Dec 01, 2026 |
| $1.2700 Q | Regular | Jul 09, 2026 | Aug 18, 2026 | Aug 18, 2026 | Sep 01, 2026 |
| $1.2700 Q | Regular | Apr 17, 2026 | May 18, 2026 | May 18, 2026 | Jun 01, 2026 |
| $1.2700 Q | Regular | Feb 11, 2026 | Feb 23, 2026 | Feb 23, 2026 | Mar 04, 2026 |
| $1.2000 Q | Regular | Oct 08, 2025 | Nov 17, 2025 | Nov 17, 2025 | Dec 01, 2025 |
| $1.2000 Q | Regular | Jul 10, 2025 | Aug 19, 2025 | Aug 19, 2025 | Sep 02, 2025 |
| $1.2000 Q | Regular | Apr 21, 2025 | May 19, 2025 | May 19, 2025 | Jun 02, 2025 |
| $1.1500 Q | Regular | Feb 12, 2025 | Feb 24, 2025 | Feb 24, 2025 | Mar 05, 2025 |
| $1.1500 Q | Regular | Oct 11, 2024 | Nov 18, 2024 | Nov 18, 2024 | Dec 02, 2024 |
| $1.1500 Q | Regular | Jul 10, 2024 | Aug 20, 2024 | Aug 20, 2024 | Sep 03, 2024 |
| $1.1500 Q | Regular | Apr 03, 2024 | May 17, 2024 | May 20, 2024 | Jun 03, 2024 |
| $1.0500 Q | Regular | Feb 07, 2024 | Feb 16, 2024 | Feb 20, 2024 | Mar 01, 2024 |
| $1.0500 Q | Regular | Oct 06, 2023 | Nov 16, 2023 | Nov 17, 2023 | Dec 01, 2023 |
| $1.0500 Q | Regular | Jul 12, 2023 | Aug 17, 2023 | Aug 18, 2023 | Sep 01, 2023 |
| $1.0500 Q | Regular | May 10, 2023 | May 19, 2023 | May 22, 2023 | Jun 01, 2023 |
| $1.0500 Q | Regular | Feb 08, 2023 | Feb 17, 2023 | Feb 21, 2023 | Mar 01, 2023 |
| $0.9700 Q | Regular | Oct 07, 2022 | Nov 16, 2022 | Nov 17, 2022 | Dec 01, 2022 |
| $0.9700 Q | Regular | Jul 12, 2022 | Aug 17, 2022 | Aug 18, 2022 | Sep 01, 2022 |
| $0.9700 Q | Regular | May 11, 2022 | May 20, 2022 | May 23, 2022 | Jun 01, 2022 |
| $0.9200 Q | Regular | Feb 09, 2022 | Feb 18, 2022 | Feb 22, 2022 | Mar 01, 2022 |
| $0.9200 Q | Regular | Oct 08, 2021 | Nov 16, 2021 | Nov 17, 2021 | Dec 01, 2021 |
| $0.9000 Q | Regular | Jul 14, 2021 | Aug 17, 2021 | Aug 18, 2021 | Sep 01, 2021 |
| $0.9000 Q | Regular | May 12, 2021 | May 21, 2021 | May 24, 2021 | Jun 01, 2021 |
| $0.9000 Q | Regular | Feb 10, 2021 | Feb 19, 2021 | Feb 22, 2021 | Mar 01, 2021 |
| $0.9000 Q | Regular | Oct 09, 2020 | Nov 16, 2020 | Nov 17, 2020 | Dec 01, 2020 |
| $0.9000 Q | Regular | Jul 08, 2020 | Aug 17, 2020 | Aug 18, 2020 | Sep 01, 2020 |
| $0.9000 Q | Regular | May 06, 2020 | May 15, 2020 | May 18, 2020 | Jun 01, 2020 |
| $0.9000 Q | Regular | Feb 05, 2020 | Feb 14, 2020 | Feb 18, 2020 | Mar 02, 2020 |
| $0.9000 Q | Regular | Oct 04, 2019 | Nov 15, 2019 | Nov 18, 2019 | Dec 02, 2019 |
| $0.9000 Q | Regular | Jul 10, 2019 | Aug 19, 2019 | Aug 20, 2019 | Sep 03, 2019 |
| $0.9000 Q | Regular | May 08, 2019 | May 17, 2019 | May 20, 2019 | Jun 03, 2019 |
| $0.8000 Q | Regular | Feb 06, 2019 | Feb 15, 2019 | Feb 19, 2019 | Mar 01, 2019 |
| $0.8000 Q | Regular | Oct 05, 2018 | Nov 16, 2018 | Nov 19, 2018 | Dec 03, 2018 |
| $0.8000 Q | Regular | Jul 11, 2018 | Aug 20, 2018 | Aug 21, 2018 | Sep 04, 2018 |
| $0.8000 Q | Regular | May 09, 2018 | May 18, 2018 | May 21, 2018 | Jun 01, 2018 |
| $0.7000 Q | Regular | Feb 07, 2018 | Feb 16, 2018 | Feb 20, 2018 | Mar 01, 2018 |
| $0.7000 Q | Regular | Oct 09, 2017 | Nov 16, 2017 | Nov 17, 2017 | Dec 01, 2017 |
| $0.7000 Q | Regular | Jul 12, 2017 | Aug 16, 2017 | Aug 18, 2017 | Sep 01, 2017 |
| $0.7000 Q | Regular | May 03, 2017 | May 16, 2017 | May 18, 2017 | Jun 01, 2017 |
| $0.6300 Q | Regular | Feb 08, 2017 | Feb 16, 2017 | Feb 21, 2017 | Mar 01, 2017 |
| $0.6300 Q | Regular | Oct 07, 2016 | Nov 15, 2016 | Nov 17, 2016 | Dec 01, 2016 |
| $0.6300 Q | Regular | Jul 13, 2016 | Aug 16, 2016 | Aug 18, 2016 | Sep 01, 2016 |
| $0.6300 Q | Regular | May 04, 2016 | May 16, 2016 | May 18, 2016 | Jun 01, 2016 |
| $0.5600 Q | Regular | Feb 03, 2016 | Feb 11, 2016 | Feb 16, 2016 | Mar 01, 2016 |
| $0.5600 Q | Regular | Oct 09, 2015 | Nov 10, 2015 | Nov 13, 2015 | Dec 01, 2015 |
| $0.5600 Q | Regular | Jul 09, 2015 | Aug 13, 2015 | Aug 17, 2015 | Sep 01, 2015 |
| $0.5600 Q | Regular | May 07, 2015 | May 14, 2015 | May 18, 2015 | Jun 01, 2015 |
| $0.5000 Q | Regular | Feb 04, 2015 | Feb 12, 2015 | Feb 17, 2015 | Mar 02, 2015 |
| $0.5000 Q | Regular | Oct 01, 2014 | Nov 12, 2014 | Nov 14, 2014 | Dec 01, 2014 |
| $0.5000 Q | Regular | Jul 09, 2014 | Aug 13, 2014 | Aug 15, 2014 | Sep 02, 2014 |
| $0.5000 Q | Regular | May 07, 2014 | May 15, 2014 | May 19, 2014 | Jun 02, 2014 |
| $0.3900 Q | Regular | Feb 07, 2014 | Feb 13, 2014 | Feb 18, 2014 | Mar 03, 2014 |
| $0.3900 Q | Regular | Oct 02, 2013 | Nov 12, 2013 | Nov 14, 2013 | Dec 02, 2013 |
| $0.3125 Q | Regular | Jul 10, 2013 | Aug 14, 2013 | Aug 16, 2013 | Sep 03, 2013 |
| $0.3125 Q | Regular | May 08, 2013 | May 16, 2013 | May 20, 2013 | Jun 03, 2013 |
| $0.3125 Q | Regular | Feb 12, 2013 | Feb 19, 2013 | Feb 21, 2013 | Mar 01, 2013 |
| $0.2500 Q | Regular | Oct 03, 2012 | Oct 11, 2012 | Oct 15, 2012 | Dec 03, 2012 |
| $0.2000 Q | Regular | Jul 11, 2012 | Jul 19, 2012 | Jul 23, 2012 | Sep 04, 2012 |
Peer Comparison
Selected Oil & Gas Refining & Marketing dividend payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| SUN | Sunoco LP | 5.31% | 1.8% | 3 yrs | 68 |
| VLO | Valero Energy Corporation | 1.24% | 2.9% | 3 yrs | 67 |
| JXHGF | ENEOS Holdings, Inc. | 3.02% | -0.4% | 2 yrs | 67 |
| MPC | Marathon Petroleum Corporation | 0.91% | 10.0% | 4 yrs | 67 |
Related Guides & Lists
PSX dividend — frequently asked questions
Does Phillips 66 pay a dividend?
Yes. Phillips 66 (PSX) currently pays a dividend. The annualized dividend is about $5.32 per share, a yield of approximately 1.94%.
What is Phillips 66's dividend yield?
Phillips 66's dividend yield is approximately 1.94%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does Phillips 66 pay dividends?
Phillips 66 pays dividends quarterly — 4 times per year.
When is Phillips 66's next ex-dividend date?
The next declared ex-dividend date for Phillips 66 is November 17, 2026. The associated payment is $1.3300 per share; you must own the shares before the ex-dividend date to receive it.
How long has Phillips 66 paid dividends?
Phillips 66 has 14 years of dividend payments on record, and has increased its dividend for 12 consecutive years.
Data updated Oct 29, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.