Cash Dividend On The Way From Phillips 66 (PSX)

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Looking at the universe of stocks we cover at Dividend Channel , on 11/16/17, Phillips 66 (Symbol: PSX) will trade ex-dividend, for its quarterly dividend of $0.70, payable on 12/1/17. As a percentage of PSX's recent stock price of $92.70, this dividend works out to approximately 0.76%, so look for shares of Phillips 66 to trade 0.76% lower - all else being equal - when PSX shares open for trading on 11/16/17.


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PSX is likely to continue, and whether the current estimated yield of 3.02% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PSX shares, versus its 200 day moving average:

Phillips 66 200 Day Moving Average Chart

Looking at the chart above, PSX's low point in its 52 week range is $75.14 per share, with $95.00 as the 52 week high point - that compares with a last trade of $92.71.

According to the ETF Finder at ETF Channel, PSX makes up 8.04% of the Oil Refiners ETF (Symbol: CRAK) which is trading up by about 0.2% on the day Tuesday.

In Tuesday trading, Phillips 66 shares are currently off about 0.7% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Options
Referenced Symbols: PSX , CRAK

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