Phillips 66 Dividend Insights and Recent Developments Before Ex-Dividend Date May 19, 2025
Generado por agente de IAAinvest Dividend Digest
viernes, 16 de mayo de 2025, 1:04 am ET1 min de lectura
PSX--
Phillips 66 (PSX) has announced its quarterly dividend, with an ex-dividend date set for May 19, 2025, and a payment date scheduled for June 2, 2025. Shareholders will receive $1.200 per share, which is notably higher than the average of the last ten dividends, which stood at $0.755. The previous dividend paid on Mar 5, 2025, was slightly lower at $1.150 per share. This dividend is categorized as a cash dividend. The company continues to provide robust returns to its shareholders, indicating a consistent commitment to rewarding investors.
Recently, Phillips 66PSX-- has been involved in significant corporate activities. Over the past week, Stonepeak and Energy Equation Partners have announced an agreement to acquire a majority interest in JET Tankstellen Deutschland GmbH from Phillips 66. This transaction, valued at approximately €2.5 billion, will see Phillips 66 retaining a 35% minority interest in JET through a newly formed joint venture. JET, a leading fuel retailer in Germany and Austria, serves over 700,000 customers daily through its extensive network of service stations and is recognized for its quality products and services. The transaction is expected to close in the latter half of 2025, pending regulatory approvals.
As of late, Phillips 66 has issued statements following assessments by Glass Lewis and ISS, acknowledging improvements in operating results since Mark Lashier became CEO on Jul 1, 2022. These developments are part of Phillips 66's ongoing transformation strategy, aimed at enhancing operational performance and shareholder value.
Additionally, Phillips 66 has recently underperformed the broader market, with its stock declining by 13.9% over the past year. Analysts have noted this trend, emphasizing the impact on market sentiment and investor interest. The company continues to adapt and strategize in response to market dynamics and shareholder expectations.
In conclusion, Phillips 66 is actively engaging in strategic transactions and corporate improvements to bolster its market position and shareholder returns. Investors should note that the ex-dividend date of May 19, 2025, is the last opportunity to purchase shares to receive the upcoming dividend. Any purchase beyond this date will not qualify for the dividend distribution.
Recently, Phillips 66PSX-- has been involved in significant corporate activities. Over the past week, Stonepeak and Energy Equation Partners have announced an agreement to acquire a majority interest in JET Tankstellen Deutschland GmbH from Phillips 66. This transaction, valued at approximately €2.5 billion, will see Phillips 66 retaining a 35% minority interest in JET through a newly formed joint venture. JET, a leading fuel retailer in Germany and Austria, serves over 700,000 customers daily through its extensive network of service stations and is recognized for its quality products and services. The transaction is expected to close in the latter half of 2025, pending regulatory approvals.
As of late, Phillips 66 has issued statements following assessments by Glass Lewis and ISS, acknowledging improvements in operating results since Mark Lashier became CEO on Jul 1, 2022. These developments are part of Phillips 66's ongoing transformation strategy, aimed at enhancing operational performance and shareholder value.
Additionally, Phillips 66 has recently underperformed the broader market, with its stock declining by 13.9% over the past year. Analysts have noted this trend, emphasizing the impact on market sentiment and investor interest. The company continues to adapt and strategize in response to market dynamics and shareholder expectations.
In conclusion, Phillips 66 is actively engaging in strategic transactions and corporate improvements to bolster its market position and shareholder returns. Investors should note that the ex-dividend date of May 19, 2025, is the last opportunity to purchase shares to receive the upcoming dividend. Any purchase beyond this date will not qualify for the dividend distribution.
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