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Is Phillips 66 Stock Too Cheap Given Its Recent Dividend Hike and 4.5% Yield?

Equities

Mark R. Hake, CFA

·

April 29, 2025

·

Barchart

Phillips 66 recently hiked its dividend 4.3%, despite lower earnings and cash flow. PSX stock now looks cheap with its 4.5%+ annual dividend yield, well over its historical average. Out-of-the-money short-put plays one month out yield 2.4%.

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