Cash Dividend On The Way From Phillips 66 Partners (PSXP)

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.

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Below is a dividend history chart for PSXP, showing historical dividends prior to the most recent $0.2248 declared by Phillips 66 Partners LP:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PSXP is likely to continue, and whether the current estimated yield of 2.31% on annualized basis is a reasonable expectation of annual yield going forward.

In Wednesday trading, Phillips 66 Partners LP shares are currently up about 2.6% on the day.

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