Phillips 66 (PSX) Dividends
Dividend Yield and Dividend History Highlights
- Over the past six years, PSX has issued more dividends than 92.52% of other dividend-issuing US stocks.
- In terms trailing twelve months of dividends issued, PSX has returned $1,589,000,000 US dollars -- more than 90.66% of public US dividend stocks.
- Free cash flow for PSX has a compound average growth rate of 56.51%, which is higher than 89.56% of stocks in our dividend set.
- As for stocks whose price is uncorrelated with PSX's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: STE, WTS, UI, SPGI and ITW.
PSX Price Forecast Based on Dividend Discount Model
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The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. As for PSX, the dividend discount model StockNews created for the company implies a positive return of 54.43%. To help understand and contextualize the model's evaluation of PSX, investors may wish to consider are:
- Relative to all dividend yielding stocks in our set, Phillips 66's dividend yield of 8.14% is in the top 9.79000000000001%.
- In comparison to other stocks in the mega-sized revenue class, its discount rate is lower than that of 84.62% of dividend stocks in the same revenue class (a low discount rate is associated with lower risk).
- Beta is a measure of how volatile a stock is relative to the S&P 500; when evaluated against its peers in the mega-sized revenue class, Phillips 66 has a beta lower than only 15.38% of such peers.
PSX Dividend Chart
PSX Dividend History
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