Looking at the universe of stocks we cover at Dividend Channel, on 1/31/14, Phillips 66 Partners LP (PSXP) will trade ex-dividend, for its quarterly dividend of $0.2248, payable on 2/13/14. As a percentage of PSXP's recent stock price of $38.89, this dividend works out to approximately 0.58%, so look for shares of Phillips 66 Partners LP to trade 0.58% lower — all else being equal — when PSXP shares open for trading on 1/31/14.
Cash Dividend On The Way From Phillips 66 Partners (PSXP)
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