Analysis – Phillips 66 Increases Dividend by 13%

PSX

Phillips 66 announced a regular quarterly dividend of $0.63 a 13 percent increase from the prior rate of $0.56 per share. The dividend will be paid at the new higher rate on June 1, 2016, to shareholders of record at close of business on May 18, 2016.

Date Quarterly Dividend
5/18/2016 0.63
2/11/2016 0.56
11/10/2015 0.56
8/13/2015 0.56
5/14/2015 0.56
2/12/2015 0.5
11/12/2014 0.5
8/13/2014 0.5
5/15/2014 0.5
2/13/2014 0.39
11/12/2013 0.39
8/14/2013 0.313
5/16/2013 0.313
2/19/2013 0.313
10/11/2012 0.25
7/19/2012 0.2

Analysis of Valuation of Phillips 66 (Symbol PSX).

Phillips 66 is trading at the top of its average price/sale (P/S) range.  Phillips 66 is trading at the top of its average historical dividend yield. 

Price 5/6/16 % Yield 5 Year Div. Growth Rate  SPS    2016 P/S Ratio 10 yr P/S  Low 10 yr P/S  High 5 yr max Yield % 5 yr lowest Yield %
$78.52 3.21% 15 188.1 0.42 0.10 0.42 3.21% 1.65%

Phillips 66 Dividend Yield Chart (Click to enlarge)

PSX3

Explanation:  Dividend growth stocks may be valued upon historical relative price/sales and current yield analysis. Dividend stocks trading at a low historical price/sales (P/S) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/S ratio stocks.  Max P/S price target is based upon company reaching its highest historical P/S ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years.  Further information on evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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