Phillips 66 Dividend Increases to $1.27, Yield Remains Low at 3.0%.

Phillips 66's dividend will increase to $1.27 per share on March 4, up from last year's payment of the same amount. The yield is still low at 3.0%. The company's dividend yield is considered sustainable as it covers earnings comfortably. Over the next year, earnings per share are forecast to expand by 36.2%, indicating a potential payout ratio of 35% by next year. The company has a history of paying stable dividends, growing its distributions at 7.9% per annum over the past 10 years.