Phillips 66 (PSX) Dividend History & Yield
Phillips 66 (PSX) has increased its dividend for 5 consecutive years and currently yields 2.76%. The most recent payment was $1.2700/share on Feb 23, 2026, paid Quarterly.
PSX
Current Yield
2.76%
TTM Dividend/Share
$4.87
Payment Frequency
Quarterly
Payout Ratio
43.7%
Consecutive Growth Years
5
Div Growth (1Y CAGR)
5.56%
Div Growth (5Y CAGR)
5.70%
Div Growth (10Y CAGR)
8.10%
Dividend Safety Score
3 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 43.7%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($6.72) covers dividend/share ($4.87).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 5 consecutive year(s) of dividend growth.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Feb 23, 2026
- Payment date
- Mar 4, 2026
- Dividend
- $1.2700
- Adj. dividend
- $1.2700
- Yield (ex-date)
- 3.14%
Ex-date Nov 17, 2025
- Payment date
- Dec 1, 2025
- Dividend
- $1.2000
- Adj. dividend
- $1.2000
- Yield (ex-date)
- 3.48%
Ex-date Aug 19, 2025
- Payment date
- Sep 2, 2025
- Dividend
- $1.2000
- Adj. dividend
- $1.2000
- Yield (ex-date)
- 3.85%
Ex-date May 19, 2025
- Payment date
- Jun 2, 2025
- Dividend
- $1.2000
- Adj. dividend
- $1.2000
- Yield (ex-date)
- 3.81%
Ex-date Feb 24, 2025
- Payment date
- Mar 5, 2025
- Dividend
- $1.1500
- Adj. dividend
- $1.1500
- Yield (ex-date)
- 3.62%
Ex-date Nov 18, 2024
- Payment date
- Dec 2, 2024
- Dividend
- $1.1500
- Adj. dividend
- $1.1500
- Yield (ex-date)
- 3.43%
Ex-date Aug 20, 2024
- Payment date
- Sep 3, 2024
- Dividend
- $1.1500
- Adj. dividend
- $1.1500
- Yield (ex-date)
- 3.32%
Ex-date May 17, 2024
- Payment date
- Jun 3, 2024
- Dividend
- $1.1500
- Adj. dividend
- $1.1500
- Yield (ex-date)
- 2.92%
Ex-date Feb 16, 2024
- Payment date
- Mar 1, 2024
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
- Yield (ex-date)
- 2.92%
Ex-date Nov 16, 2023
- Payment date
- Dec 1, 2023
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
- Yield (ex-date)
- 3.70%
Ex-date Aug 17, 2023
- Payment date
- Sep 1, 2023
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
- Yield (ex-date)
- 3.63%
Ex-date May 19, 2023
- Payment date
- Jun 1, 2023
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
- Yield (ex-date)
- 4.26%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Feb 23, 2026 | Mar 4, 2026 | $1.2700 | $1.2700 | 3.14% |
| Nov 17, 2025 | Dec 1, 2025 | $1.2000 | $1.2000 | 3.48% |
| Aug 19, 2025 | Sep 2, 2025 | $1.2000 | $1.2000 | 3.85% |
| May 19, 2025 | Jun 2, 2025 | $1.2000 | $1.2000 | 3.81% |
| Feb 24, 2025 | Mar 5, 2025 | $1.1500 | $1.1500 | 3.62% |
| Nov 18, 2024 | Dec 2, 2024 | $1.1500 | $1.1500 | 3.43% |
| Aug 20, 2024 | Sep 3, 2024 | $1.1500 | $1.1500 | 3.32% |
| May 17, 2024 | Jun 3, 2024 | $1.1500 | $1.1500 | 2.92% |
| Feb 16, 2024 | Mar 1, 2024 | $1.0500 | $1.0500 | 2.92% |
| Nov 16, 2023 | Dec 1, 2023 | $1.0500 | $1.0500 | 3.70% |
| Aug 17, 2023 | Sep 1, 2023 | $1.0500 | $1.0500 | 3.63% |
| May 19, 2023 | Jun 1, 2023 | $1.0500 | $1.0500 | 4.26% |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Phillips 66 has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 5 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $4.7500 | — | — |
| 2025 | $4.5000 | $4.7500 | +5.6% |
| 2024 | $4.2000 | $4.5000 | +7.1% |
| 2023 | $3.8300 | $4.2000 | +9.7% |
| 2022 | $3.5600 | $3.8300 | +7.6% |
| 2021 | $3.6000 | $3.5600 | -1.1% |
| 2020 | $3.5000 | $3.6000 | +2.9% |
| 2019 | $3.1000 | $3.5000 | +12.9% |
| 2018 | $2.7300 | $3.1000 | +13.6% |
| 2017 | $2.4500 | $2.7300 | +11.4% |
| 2016 | $2.1800 | $2.4500 | +12.4% |
| 2015 | $1.8900 | $2.1800 | +15.3% |
| 2014 | $1.3275 | $1.8900 | +42.4% |
| 2013 | — | $1.3275 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Does Phillips 66 pay dividends?
- Yes, Phillips 66 (PSX) pays quarterly dividends of approximately $4.87 per share annually, yielding 2.76%.
What is Phillips 66's dividend yield?
- Phillips 66 (PSX) has a current dividend yield of 2.76%.
Is Phillips 66's dividend safe?
- Phillips 66 (PSX) passes 3 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Phillips 66 increased its dividend?
- Phillips 66 (PSX) has 5 consecutive years of dividend increases.
What is Phillips 66's dividend payout ratio?
- Phillips 66 (PSX) has a dividend payout ratio of 43.7%.