Phillips 66 Dividends
The next dividend date for Phillips 66 is August 19, 2025.
A dividend of $1.20 per share is scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Phillips 66 (PSX)
More About Phillips 66
Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; gathers, processes, transports, and markets natural gas; transports, fractionates, markets, and exports natural gas liquids. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, and aviation fuels. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as automotive, commercial, industrial, and specialty lubricants, as well as base oils. The Renewable Fuels segment processes renewable feedstocks into renewable products. This segment also procures renewable feedstocks, manage certain regulatory credits, and market renewable diesel, renewable jet fuel and other renewable fuels. The company markets its products through Phillips 66, Conoco and 76, JET, Kendall, Red Line, and other private label brands. Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.
Owning Phillips 66 Stock on the Dividend Date
If you own Phillips 66 stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Phillips 66 stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Phillips 66 stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Phillips 66 stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Phillips 66 dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Phillips 66 Options on the Dividend Date
Unlike the stock price, which will normally have an abrupt decrease by the amount of the dividend on the ex-dividend date, option prices typically do not reflect the same phenomenon.
The reason is that in the time leading up to the ex-dividend date, that projected drop in Phillips 66 stock price from the dividend is already baked into Phillips 66 option prices.
That means the prices of call options that overlap the Phillips 66 ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the Phillips 66 ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Phillips 66 call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Phillips 66 put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Phillips 66 Dividends
You can contact us any time if you would like to ask questions about Phillips 66 dividends or anything else related to the stock market.