Phillips 66
PSXEnergy · Stock · quarterly payer
Forward Yield
2.46%
Annual Dividend
$5.08
Payout Ratio
48%
5-Yr Growth
5.7%
Ex-Date
Aug 18, 2026
Frequency
Quarterly
Summary
As of July 2026, Phillips 66 (PSX) yields 2.46% ($5.08 per share annually), with a blended fair-value estimate of $73.13 — -65% downside, so it screens as overvalued. Dividend safety grade: A (87/100). 13 years of dividend growth.
Is PSX a good dividend stock?
YesPhillips 66 (PSX) pays a quarterly dividend yielding 2.46% ($5.08/yr), with 13 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 13 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (48%)
- Strong 5.7% 5-yr dividend growth
- 191% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.46%
- Payout Ratio
- 48%
- Annual Dividend
- $5.08
- 5-Yr Avg Growth
- 5.7%
- Ex-Dividend Date
- Aug 18, 2026
- Years of Growth
- 13
- Frequency
- quarterly
- Beta
- 0.68
- Market Cap
- $83.7B
- P/E Ratio
- 20.5
- 5-Yr Total Return
- 191%
- 52-Week Range
- $118.07 – $207.14
- Dividend Safety
- A · 87/100
- Ever Cut?
- No
Frequently Asked Questions
PSX Price — Last 12 Months
Daily close
Price Return
1 Year
+55%
3 Years
+81%
5 Years
+191%
52-Week Range
$118.07 – $207.14
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PSX worth?
Overvaluedlow confidenceOur blended fair-value estimate for Phillips 66 is $73.13 per share, versus a market price of $206.86. That implies 65% of downside.
Fair Value
$73.13
Current Price
$206.86
Downside
-65%
Margin of Safety
-183%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 14.3% annual free-cash-flow growth. We model -3.8% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.7% discount rate (CAPM), -3.8% stage-1 growth, 2.5% terminal growth, $10.12 EPS, $5.08 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PSX Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 18, 2026 | — | $1.2700 | regular |
| Feb 23, 2026 | — | $1.2700 | regular |
| Nov 17, 2025 | — | $1.2000 | regular |
| Aug 19, 2025 | — | $1.2000 | regular |
| May 19, 2025 | — | $1.2000 | regular |
| Feb 24, 2025 | — | $1.1500 | regular |
| Nov 18, 2024 | — | $1.1500 | regular |
| Aug 20, 2024 | — | $1.1500 | regular |
| May 17, 2024 | — | $1.1500 | regular |
| Feb 16, 2024 | — | $1.0500 | regular |
| Nov 16, 2023 | — | $1.0500 | regular |
| Aug 17, 2023 | — | $1.0500 | regular |
| May 19, 2023 | — | $1.0500 | regular |
| Feb 17, 2023 | — | $1.0500 | regular |
Income Calculator
At $5.08 / yr per share
