Phillips 66 Boosts Dividend By 25%

(RTTNews) - Phillips 66 (PSX) said its board has declared a quarterly dividend of $0.39 per share on Phillips 66 common stock, representing an increase of about 25 percent from the prior quarter. The dividend is payable on Dec. 2, 2013, to shareholders of record at the close of business on Nov. 14, 2013.

"Our objective is to consistently increase shareholder distributions, while also capturing attractive opportunities to reinvest in our businesses and grow future returns," said Phillips 66 Chairman and CEO Greg Garland. "Returning capital to our shareholders remains a priority for Phillips 66, and we are pleased to deliver another increase in our quarterly dividend."