Phillips 66 Partners LP ( PSXP ) will begin trading ex-dividend on January 27, 2017. A cash dividend payment of $0.558 per share is scheduled to be paid on February 13, 2017. Shareholders who purchased PSXP prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 5.08% increase over prior dividend payment.
The previous trading day's last sale of PSXP was $54.55, representing a -18.35% decrease from the 52 week high of $66.81 and a 28.44% increase over the 52 week low of $42.47.
PSXP is a part of the Energy sector, which includes companies such as Enterprise Products Partners L.P. ( EPD ) and Kinder Morgan, Inc. ( KMI ). PSXP's current earnings per share, an indicator of a company's profitability, is $2.13. Zacks Investment Research reports PSXP's forecasted earnings growth in 2016 as 17%, compared to an industry average of 5.5%.
Interested in gaining exposure to PSXP through an Exchange Traded Fund [ETF]?
The following ETF(s) have PSXP as a top-10 holding:
- First Trust North American Energy Infrastructure Fund ( EMLP ).
The top-performing ETF of this group is EMLP with an increase of 5.23% over the last 100 days. It also has the highest percent weighting of PSXP at 0.95%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.