# Phillips 66 (PSX) — Dividends

PSX · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/psx/dividends

## Dividend summary

| Metric | Value |
| --- | --- |
| Frequency | quarterly |
| Trailing 12 months | $5.01 |
| Forward yield | 1.78% |
| Growth streak | 5 years |

Phillips 66 pays a quarterly dividend of $1.27 per share. Its most recent payment had an ex-date of August 18, 2026 and was paid on September 1, 2026. Over the trailing twelve months, it paid $5.01 per share, a yield of about 1.89% at a share price of $264.58.

The record shows one raise a year, usually with the February or May payment. The rate went from $0.92 to $0.97 in May 2022, then to $1.05 in February 2023, $1.15 in May 2024 and $1.20 in May 2025. The latest raise, to $1.27, came with the February 2026 payment. Raises ranged from five to ten cents, or roughly 4.3% to 9.5%. The largest was the 2024 step, at about 9.5%. Since late 2021, the quarterly rate has grown about 38%. Payments by calendar year rose from $3.83 in 2022 to $4.20 in 2023, $4.50 in 2024 and $4.75 in 2025. The company has increased its dividend for five consecutive calendar years.

If the pattern holds, the next payment would go ex-dividend in mid-November 2026 and be paid around December 1. Past raises have come with the February or May payment instead.

## Payment history

| Ex-date | Pay date | Amount per share |
| --- | --- | --- |
| Aug 18, 2026 | Sep 1, 2026 | $1.27 |
| May 18, 2026 | Jun 1, 2026 | $1.27 |
| Feb 23, 2026 | Mar 4, 2026 | $1.27 |
| Nov 17, 2025 | Dec 1, 2025 | $1.20 |
| Aug 19, 2025 | Sep 2, 2025 | $1.20 |
| May 19, 2025 | Jun 2, 2025 | $1.20 |
| Feb 24, 2025 | Mar 5, 2025 | $1.15 |
| Nov 18, 2024 | Dec 2, 2024 | $1.15 |
| Aug 20, 2024 | Sep 3, 2024 | $1.15 |
| May 17, 2024 | Jun 3, 2024 | $1.15 |
| Feb 16, 2024 | Mar 1, 2024 | $1.05 |
| Nov 16, 2023 | Dec 1, 2023 | $1.05 |
| Aug 17, 2023 | Sep 1, 2023 | $1.05 |
| May 19, 2023 | Jun 1, 2023 | $1.05 |
| Feb 17, 2023 | Mar 1, 2023 | $1.05 |
| Nov 16, 2022 | Dec 1, 2022 | $0.97 |
| Aug 17, 2022 | Sep 1, 2022 | $0.97 |
| May 20, 2022 | Jun 1, 2022 | $0.97 |
| Feb 18, 2022 | Mar 1, 2022 | $0.92 |
| Nov 16, 2021 | Dec 1, 2021 | $0.92 |

## Frequently Asked Questions

### Does Phillips 66 (PSX) pay a dividend?

Yes. Phillips 66 pays a quarterly dividend; the most recent payment was $1.27 per share.

### What is PSX's dividend yield?

Phillips 66 paid $5.01 per share over the trailing twelve months, a yield of 1.78% at the last price of $281.47. [Click here to learn more](https://www.lighthorse.io/instructions/learning/dividend-yield)

### When is PSX's most recent ex-dividend date?

Phillips 66's most recent ex-dividend date is Aug 18, 2026, payable on Sep 1, 2026.

### What is the difference between ex and payment dates?

An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. [Click here to learn more](https://www.lighthorse.io/instructions/learning/ex-dividend-date)

### Has PSX been raising its dividend?

Yes — Phillips 66 has increased its dividend for 5 consecutive calendar years.

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Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).