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: Oct 21, 2026
Snapshot (as of Oct 21, 2026): Phillips 66 (PSX) pays a $4.94 annual dividend ($1.27 quarterly), yielding 1.83% at $291.03/share. Next ex-dividend date 2026-11-17. 12+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.83%
Annual Dividend: $4.94 per share
Payout Ratio: 28.2%
Ex-Dividend Date: 2026-11-17
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 15
Phillips 66 dividend pays $5.01 per share annually across four business segments: Midstream, Chemicals, Refining, and Marketing and Specialties. The current yield sits at 1.96%, with quarterly payments of $1.27 per share and the next ex-dividend date on August 18, 2026. PSX carries a beta of 0.704, making it a lower-volatility energy stock. That combination of measured price swings and 12 consecutive years of dividend increases positions it for growth-and-income investors rather than those chasing yield.
Phillips 66 pays out 28% 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 operations face pressure in a given year. Phillips 66 dividend safety benefits from this wide cushion, though refining margins are cyclical by nature, and a prolonged downturn across PSX's 12 refineries in the U.S. and Europe would be the most direct threat to that coverage.
Phillips 66 dividend history shows a CAGR of 11.2% per year from 2013 to 2025. Per-share payments grew from $1.3275 to $4.75 over that span (2026 is a partial year and excluded from the rate calculation). The smallest annual increase in the window was 2.9% in 2020, when the per-share total moved from $3.50 to $3.60.
| 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 fits growth-and-income investors who want a rising dividend stream from a diversified energy business rather than a high starting yield. At 1.96%, the yield is low (below 2%), and it sits above the 5-year average of 1.63%, which reflects recent price softness rather than a payout acceleration. The 11.2% annual growth rate over 12 years is the real draw here. What an investor accepts is a modest current income level; what they get in return is a 28% payout ratio that leaves room for continued increases across PSX's refining, midstream, and chemicals operations.
| 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.