By Elias Schisgall

Phillips 66 is increasing its quarterly dividend by about 5.8% to $1.27 a share, up from $1.20.

The new payout, equal to $5.08 a year, represents a 3.2% annual yield based on Tuesday closing price of $157.38.

"We are increasing the dividend this quarter, reflecting our confidence in our ability to generate through-cycle cash flows," Mark Lashier, chief executive of the energy provider, said Wednesday.

The dividend will be paid on March 4 to shareholders of record as of Feb. 23.

Phillips 66 has increased its dividend every year since its formation in 2012, Lashier said.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

February 11, 2026 11:40 ET (16:40 GMT)

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