Does Phillips 66 (PSX) Pay a Dividend? (2026)
Short answer
Phillips 66 (PSX) pays a dividend with an approximate yield of ~3.0-3.2% (annual dividend ~$5.08/share) as of early 2026, typically quarterly. A dividend is a slice of profits returned to shareholders, and the yield is that payout divided by the share price, so it drifts as both change. Figures here are approximate; verify the current number with your broker.
Does Phillips 66 (PSX) pay a dividend?
Yes. Phillips 66 distributes an approximate ~3.0-3.2% (annual dividend ~$5.08/share) yield (early 2026), usually quarterly. PSX trades at a forward P/E near 10x based on consensus analyst estimates reflecting an earnings recovery, while its trailing normalized P/E is closer to 22x given the earnings compression from volatile crack spreads in 2025. The EV/EBITDA of approximately 9.6x sits in line with large integrated downstream peers, and the price-to-sales ratio of roughly 0.5x reflects the low-margin, high-revenue nature of refining. The valuation is notably below PSX's own 12-month trailing average P/E of approximately 27x, which some analysts interpret as a potential discount to intrinsic value if midstream-driven earnings recovery materializes.
How to think about PSX's dividend
- Yield is a snapshot: ~3.0-3.2% (annual dividend ~$5.08/share) today, but it moves with price and payout.
- Total return vs income: dividends are one part of return; price change is usually the bigger part for a name like PSX.
- Reinvest or take income: a DRIP compounds; taking the cash gives income now.
- For more yield: dedicated dividend stocks and ETFs target higher payouts. See the best dividend ETFs.
The bottom line on the PSX dividend
Phillips 66 (PSX) pays an approximate ~3.0-3.2% (annual dividend ~$5.08/share) dividend, so it offers some income but is held mostly for total return, not yield. For the full picture see the PSX guide. Walnut can show how PSX fits your real portfolio. It is not an investment adviser.
Build a basket around PSX with Walnut
Use Phillips 66 as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
Does Phillips 66 (PSX) pay a dividend?
+
Phillips 66 has an approximate dividend yield of ~3.0-3.2% (annual dividend ~$5.08/share) (early 2026). Yields move with price and payout, so treat this as a recent snapshot and verify the current figure with your broker or PSX's investor relations page.
What is PSX's dividend yield?
+
Approximately ~3.0-3.2% (annual dividend ~$5.08/share) as of early 2026 (approximate, verify). Remember a higher yield is not automatically better: it can reflect a falling share price as much as a generous payout.
How often does PSX pay its dividend?
+
US companies that pay dividends, like Phillips 66 if it does, typically distribute them quarterly. Confirm the exact schedule and ex-dividend dates on PSX's investor relations page before relying on the timing.
Can I reinvest PSX dividends?
+
Yes. Most brokers offer automatic dividend reinvestment (a DRIP) so any PSX dividend buys more shares automatically. It compounds over time but is still taxable in a taxable account.
Is PSX a good dividend stock?
+
Walnut is informational, not investment advice. With an approximate ~3.0-3.2% (annual dividend ~$5.08/share) yield, PSX is more of an income name. Dedicated dividend stocks and ETFs target higher, steadier yield; match the choice to whether you want income now or growth.
Does PSX pay a dividend?
+
Yes. Phillips 66 pays a quarterly dividend and has done so since its 2012 spinoff from ConocoPhillips. The annual dividend stands at approximately $5.08 per share as of mid-2026, yielding roughly 3.0-3.2% at recent share prices. The company raised its quarterly dividend by 7% in Q1 2026, and dividends per share have grown at roughly 5.9% compounded over the trailing five years.
Walnut is informational, not investment advice. Dividend figures are approximate and dated; verify current yield, schedule, and policy with PSX's investor relations page or your broker.