In the fourth quarter, Phillips 66 returned more than $400 million of capital to shareholders through $157 million in dividend payments and $245 million of share repurchases. In December, Phillips 66’s board of directors approved a 25 percent increase in the company’s annual dividend rate, raising it to $1.25 per share for 2013. The board of directors also approved an additional $1.0 billion of share repurchases, increasing the total repurchase program to $2.0 billion.Full-year Financial Results
Phillips 66 Reports Fourth-Quarter Earnings Of $708 Million Or $1.11 Per Share
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