Sat, Nov 29, 2014, 5:27 AM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Berkshire Hathaway Inc. Message Board

  • axpkocop axpkocop Oct 10, 2013 12:09 AM Flag

    Phillips 66 Announces 25 Percent Increase in Quarterly Dividend

    "The board of directors of Phillips 66 (PSX) has declared a quarterly dividend of 39 cents per share on Phillips 66 common stock, representing an increase of approximately 25 percent from the prior quarter. The dividend is payable on Dec. 2, 2013, to shareholders of record at the close of business on Nov. 14, 2013.

    “Our objective is to consistently increase shareholder distributions, while also capturing attractive opportunities to reinvest in our businesses and grow future returns," said Phillips 66 Chairman and CEO Greg Garland. “Returning capital to our shareholders remains a priority for Phillips 66, and we are pleased to deliver another increase in our quarterly dividend.”

    PSX is currently 56 but I believe it will live up to its name and trade at 66 within 6.6 months. By then the dividend could also be another 20% higher.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "Phillips 66 has a good capital deployment policy through share repurchase and payment of dividends. During the second quarter of 2013, the company returned more than $738 million to shareholders through $192 million in dividend payments and $546 million in share repurchases. Through the end of June, the company had repurchased 22.6 million shares of common stock totaling $1.3 billion as part of its previously announced $2.0 billion share repurchase program. Phillips 66 had 611 million shares outstanding as of Jun 30, 2013.

      We believe that the increase in dividend and share repurchase programs will boost investor confidence in the stock, and drive shareholder value."

      PSX Hikes Dividend, Shares Rise

      by Zacks Equity Research
      October 03, 2013

    • Berkshire currently owns 27,163,918 shares of PSX worth about $1.6 billion or 4.4% of the company.

 
BRK-A
223,065.00+654.00(+0.29%)Nov 28 1:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.