Phillips 66 Partners pays an annual dividend of $3.50 per share, with a dividend yield of 9.12%. PSXP's most recent quarterly dividend payment was made to shareholders of record on Friday, May 14. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 13.32% each year.Is psxp stock's high dividend yield a red flag?
Unsurprisingly, the tumble in PSXP stock’s price gave a huge boost to its yield, which now stands at 12.2%. Of course, in today’s low-yield market, any dividend yield in the double-digits can seem like a red flag. Many ultra-high yielders have a history of reducing their payouts to shareholders.What does psxp stand for?
Phillips 66 Partners LP Common Units representing limited partner interest in the Partnership (PSXP) Nasdaq Listed Nasdaq 100 Data is currently not available 0 Add to WatchlistWhat are dividend safety scores™?
They're the core of our service. Read on to learn how scores are calculated and how they've performed. Dividend Safety Scores™ predict dividend risk over a full economic cycle by analyzing the most important metrics for dividends, including: