Phillips 66 (PSX) Dividends
Dividend Yield and Dividend History Highlights
- Over the past 6 years of historical data, PSX has returned more capital to shareholders through its dividend issuances than 92.69% of other dividend-paying US stocks.
- PSX has an EBITDA to net debt ratio of -0.13; for context, that's better than merely 7.69% stocks in our set.
- Currently, PSX generates more cash flow over the 12 months prior than just 3.81% of US dividend stocks.
- If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with PSX that may be suitable potential portfolio mates: FNLC, CEL, NRC, DD and TPR.
PSX Price Forecast Based on Dividend Discount Model
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A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. Regarding Phillips 66, the dividend discount model StockNews created for the company implies a positive return of 3.64%. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Phillips 66 are:
- Compared to other US stocks that pay a dividend, PSX offers a dividend yield in the top 14.79% of stocks in our set.
- 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 volatility relative to the stock market at large; when evaluated against its peers in the mega-sized revenue class, Phillips 66 has a beta lower than merely 15.38% of such peers.
PSX Dividend Chart
PSX Dividend History
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