Phillips 66 (NYSE:PSX) will begin trading ex-dividend on November 16, 2020. The quarterly dividend payment of $ 0.90 per share is scheduled to be paid on December 1, 2020. The dividend yield based on the latest trading day closing price was 6.56 percent. Shareholders who purchased PSX shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Phillips 66 recently reported second quarter financial results on July 31, 2020, before market open, the Houston based company outlined loss for the second quarter of $ 0.74 per share, from the revenue of $ 11,183.00 million. The quarterly revenues fell 60.79 percent compared with the same quarter last year. Wall street analysts are predicting, PSX to report 2Q20 loss of $ 0.92 per share from revenue of $ 15374.70 million. The bottom line results beat street analysts by $ 0.18 or 19.57 percent, at the same time, top line results fell short of analysts by $ 4 million or 27.26 percent.
Stock Performance
Shares of Phillips 66 traded low $ -4.13 or -7.00 percent on Thursday, reaching $ 54.85 with volume of 5.06 million shares. Phillips 66 has traded high as $ 58.53 and has cracked $ 54.60 on the downward trend
According to the previous trading day, closing price of $ 54.85, representing a 47.30 % increase from the 52 week low of $ 40.04 and a 50.68 % decrease over the 52 week high of $ 119.58.
The company has a market capital of $ 23.96 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined products to market; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
