The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Phillips 66 (PSX) pays a $5.01 annual dividend ($1.27 quarterly), yielding 1.96% at $255.09/share. Next ex-dividend date 2026-08-18. 12+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.96%
Annual Dividend: $5.01 per share
Payout Ratio: 28.0%
Ex-Dividend Date: 2026-08-18
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 15
Phillips 66 is a diversified energy company operating across refining, midstream, chemicals, and marketing, and it pays a Phillips 66 dividend currently yielding 1.96%. PSX pays $5.01 per share annually in quarterly installments, with the next ex-dividend date on August 18, 2026. The last declared quarterly payment was $1.27 per share. With a beta of 0.704, PSX stock carries below-market price volatility, which suits growth-and-income investors who want dividend expansion without extreme share price swings.
Phillips 66 pays out 28.0% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain and grow the dividend even if earnings from its refining or chemicals segments face pressure. Phillips 66 dividend safety benefits from this wide cushion, as the company's four-segment structure, spanning midstream infrastructure, chemicals production, refining, and marketing, spreads earnings across multiple business lines. The most significant data-supported risk is that refining margins are cyclical, and a sharp downturn in that segment could compress earnings and narrow the current buffer.
Phillips 66 dividend history shows a CAGR of 11.2% per year from 2013 to 2025. The per-share payment grew from $1.3275 in 2013 to $4.75 in 2025 (2026 is a partial year and excluded from the CAGR calculation). The smallest annual increase in the window was 0.6% in 2021, showing that growth, while unbroken across 12 consecutive years of increases, has not always been uniform.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +7.4% | $3.83 (2022) | $4.75 (2025) |
| 5-Year | +5.7% | $3.60 (2020) | $4.75 (2025) |
| 10-Year | +8.1% | $2.18 (2015) | $4.75 (2025) |
PSX stock fits growth-and-income investors who prioritize dividend expansion over immediate income. The current yield is low (below 2%), and at 1.96% it sits above the 5-year average of 1.64%, so the entry point is modestly more attractive on a yield basis than the recent norm. The 11.2% annual dividend CAGR over 12 years is the defining characteristic here: the income stream has grown fast, even if the starting yield is modest. The 28.0% payout ratio means Phillips 66 retains the financial flexibility to keep raising the dividend. The trade-off is straightforward: an investor gets strong dividend growth from a diversified energy business, but accepts a below-average current yield in exchange.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-18 | $1.2700 |
| 2026-05-18 | $1.2700 |
| 2026-02-23 | $1.2700 |
| 2025-11-17 | $1.2000 |
| 2025-08-19 | $1.2000 |
| 2025-05-19 | $1.2000 |
| 2025-02-24 | $1.1500 |
| 2024-11-18 | $1.1500 |
| 2024-08-20 | $1.1500 |
| 2024-05-17 | $1.1500 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.8100 |
| 2025 | $4.7500 |
| 2024 | $4.5000 |
| 2023 | $4.2000 |
| 2022 | $3.8300 |
Project income from PSX with the PSX dividend calculator or track your full portfolio with the dividend tracker.