Phillips 66 (PSX) Dividend Analysis
Comprehensive dividend yield, safety, growth, and income analysis for PSX.
Phillips 66 (PSX) pays a modest 1.99% dividend yield, or $5.08 per share annually at a stock price of $257.76. 12 consecutive years of dividend increases — qualifying as a Dividend Contender (10+ years). The payout ratio of 28% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 3.4x. Dividend growth has been steady, with a 3-year CAGR of 6.7% and a 5-year CAGR of 6.8% (10-year: 7.7%). The most recent ex-dividend date was August 18, 2026.
Dividend Overview
Phillips 66 (PSX) pays a modest 1.99% dividend yield, or $5.08 per share annually at a stock price of $257.76. PSX has increased its dividend for 12 consecutive years.
Dividend Safety
The payout ratio of 28% is well within sustainable levels, leaving room for future increases.
DRIP Projection
$10,000 invested in PSX with dividends reinvested would grow to approximately $13,080 after 10 years, generating roughly $503/year in dividend income. This projection assumes the current 1.99% yield and a 6.8% annual dividend growth rate with all dividends reinvested.
| Year | Portfolio Value | Annual Income | Total Return |
|---|---|---|---|
| Year 1 | $10,199 | $216 | +2% |
| Year 5 | $11,191 | $309 | +12% |
| Year 10 | $13,080 | $503 | +31% |
| Year 15 | $16,228 | $868 | +62% |
| Year 20 | $21,852 | $1,627 | +119% |
Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.
Payment Schedule
You must own shares before the ex-dividend date to receive the upcoming payment. Payment typically arrives 2-4 weeks after the ex-date.
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