Phillips 66 (PSX) Dividend History & Yield
Dividend ChallengerPhillips 66 (PSX) has increased its dividend for 5 consecutive years and currently yields 2.75%. The most recent dividend was $1.2700/share on Mar 4, 2026, paid Quarterly.
PSX
Current Yield
2.75%
TTM Dividend/Share
$4.94
Payment Frequency
Quarterly
Payout Ratio
48.7%
Consecutive Growth Years
5 (Dividend Challenger)
Div Growth (1Y CAGR)
5.56%
Div Growth (5Y CAGR)
5.70%
Div Growth (10Y CAGR)
8.10%
PSX: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
8.5%
FCF payout ratio
429.0%
Net debt / EBITDA
1.9x
Interest coverage
5.74x
ROIC (TTM)
9.9%
Dividend Safety Score
3 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 48.7%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($6.72) covers dividend/share ($4.94).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 5 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 429.0%, above the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 1.9x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.7%) exceeds EPS growth (-5.3%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 18, 2026
- Payment date
- Jun 1, 2026
- Dividend
- $1.2700
- Adj. dividend
- $1.2700
Ex-date Feb 23, 2026
- Payment date
- Mar 4, 2026
- Dividend
- $1.2700
- Adj. dividend
- $1.2700
Ex-date Nov 17, 2025
- Payment date
- Dec 1, 2025
- Dividend
- $1.2000
- Adj. dividend
- $1.2000
Ex-date Aug 19, 2025
- Payment date
- Sep 2, 2025
- Dividend
- $1.2000
- Adj. dividend
- $1.2000
Ex-date May 19, 2025
- Payment date
- Jun 2, 2025
- Dividend
- $1.2000
- Adj. dividend
- $1.2000
Ex-date Feb 24, 2025
- Payment date
- Mar 5, 2025
- Dividend
- $1.1500
- Adj. dividend
- $1.1500
Ex-date Nov 18, 2024
- Payment date
- Dec 2, 2024
- Dividend
- $1.1500
- Adj. dividend
- $1.1500
Ex-date Aug 20, 2024
- Payment date
- Sep 3, 2024
- Dividend
- $1.1500
- Adj. dividend
- $1.1500
Ex-date May 17, 2024
- Payment date
- Jun 3, 2024
- Dividend
- $1.1500
- Adj. dividend
- $1.1500
Ex-date Feb 16, 2024
- Payment date
- Mar 1, 2024
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
Ex-date Nov 16, 2023
- Payment date
- Dec 1, 2023
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
Ex-date Aug 17, 2023
- Payment date
- Sep 1, 2023
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 18, 2026 | Jun 1, 2026 | $1.2700 | $1.2700 |
| Feb 23, 2026 | Mar 4, 2026 | $1.2700 | $1.2700 |
| Nov 17, 2025 | Dec 1, 2025 | $1.2000 | $1.2000 |
| Aug 19, 2025 | Sep 2, 2025 | $1.2000 | $1.2000 |
| May 19, 2025 | Jun 2, 2025 | $1.2000 | $1.2000 |
| Feb 24, 2025 | Mar 5, 2025 | $1.1500 | $1.1500 |
| Nov 18, 2024 | Dec 2, 2024 | $1.1500 | $1.1500 |
| Aug 20, 2024 | Sep 3, 2024 | $1.1500 | $1.1500 |
| May 17, 2024 | Jun 3, 2024 | $1.1500 | $1.1500 |
| Feb 16, 2024 | Mar 1, 2024 | $1.0500 | $1.0500 |
| Nov 16, 2023 | Dec 1, 2023 | $1.0500 | $1.0500 |
| Aug 17, 2023 | Sep 1, 2023 | $1.0500 | $1.0500 |
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.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Phillips 66 (PSX) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.96B
YoY change
+2.1%
5Y CAGR
+4.1%
Peak year (2025)
$1.92B
Latest annual
$1.92B
Cash dividends paid over time for Phillips 66 (PSX)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Phillips 66 (PSX)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.92B | +2.1% | +$40.00M | ||
| 2024 | $1.88B | 0.0% | $0 | ||
| 2023 | $1.88B | +5.0% | +$89.00M | ||
| 2022 | $1.79B | +13.1% | +$208.00M | ||
| 2021 | $1.58B | +0.6% | +$10.00M | ||
| 2020 | $1.57B | +0.3% | +$5.00M | ||
| 2019 | $1.57B | +9.3% | +$134.00M | ||
| 2018 | $1.44B | +2.9% | +$41.00M | ||
| 2017 | $1.40B | +8.8% | +$113.00M | ||
| 2016 | $1.28B | +9.4% | +$110.00M | ||
| 2015 | $1.17B | +10.4% | +$110.00M | ||
| 2014 | $1.06B | +31.6% | +$255.00M | ||
| 2013 | $807.00M | +186.2% | +$525.00M | ||
| 2012 | $282.00M | — | +$282.00M | ||
| 2011 | $0 | — | $0 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | — | — |
Phillips 66 (PSX) most recent annual dividends paid stands at $1.92B (2025) – edged up 2.1% year-over-year.
Through 2020–2025 (5 years), Phillips 66 dividends paid delivered a +4.1% annualised rate; with the latest reading among the more recent periods of the dataset.
Across the available history, dividends paid reached its high of $1.92B in 2025 and its low of $0 in 2009.
Phillips 66 (PSX) sits 8th of 8 Energy peers we track on this metric, against a peer median of $3.30B.
Phillips 66 Dividends Paid 2025: $1.92B
Phillips 66 dividends paid in 2025 was $1.92B, edged up 2.1% from 2024. This figure represents the highest annual value in the available history.
Phillips 66 Dividends Paid 2024: $1.88B
Phillips 66 dividends paid in 2024 was $1.88B, edged up 0.0% from 2023.
Phillips 66 Dividends Paid 2023: $1.88B
Phillips 66 dividends paid in 2023 was $1.88B, edged up 5.0% from 2022.
Phillips 66 Dividends Paid 2022: $1.79B
Phillips 66 dividends paid in 2022 was $1.79B, grew 13.1% from 2021.
Phillips 66 Dividends Paid 2021: $1.58B
Phillips 66 dividends paid in 2021 was $1.58B.
See more financial history for Phillips 66 (PSX).
Sector peers by dividends paid
Companies in the same sector as Phillips 66, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $17.23B | Energy |
| Chevron (CVX) | $12.75B | Energy |
| Enbridge (ENB) | $11.27B | Energy |
| ConocoPhillips (COP) | $4.00B | Energy |
| Kinder Morgan (KMI) | $2.60B | Energy |
| Williams Companies (WMB) | $2.44B | Energy |
| EOG Resources (EOG) | $2.16B | Energy |
| SLB (SLB) | $1.60B | Energy |
Frequently asked questions
Does Phillips 66 pay dividends?
Yes, Phillips 66 (PSX) pays quarterly dividends of approximately $4.94 per share annually, yielding 2.75%.
What is Phillips 66's dividend yield?
Phillips 66 (PSX) has a current dividend yield of 2.75%.
Is Phillips 66's dividend safe?
Phillips 66 (PSX) passes 3 out of 8 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 48.7%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Phillips 66's dividends paid?
Latest reported dividends paid for Phillips 66 (PSX) is $1.96B (period ending March 31, 2026).
How has Phillips 66 dividends paid changed year-over-year?
Phillips 66 (PSX) dividends paid changed +2.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Phillips 66 dividends paid?
Phillips 66 (PSX) dividends paid compound annual growth rate is +4.1% over the most recent 5 years available.
When did Phillips 66 dividends paid hit its highest annual value?
Phillips 66 dividends paid reached its highest annual value of $1.92B in 2025.
What was Phillips 66 dividends paid in 2024?
Phillips 66 (PSX) dividends paid in 2024 was $1.88B.
What was Phillips 66 dividends paid in 2025?
Phillips 66 (PSX) dividends paid in 2025 was $1.92B.
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