During the past 3 years, the average Dividends Per Share Growth Rate was 6.00% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 12.50% per year.
During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of Phillips 66 Partners LP was 133.70% per year. The lowest was 6.00% per year. And the median was 21.95% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
For the Oil & Gas Midstream subindustry, Phillips 66 Partners LP's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Phillips 66 Partners LP's Forward Dividend Yield % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Phillips 66 Partners LP's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Phillips 66 Partners LP's Forward Dividend Yield % falls into.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Phillips 66 Partners LP Forward Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Phillips 66 Partners LP's Forward Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Phillips 66 Partners LP (Phillips 66 Partners LP) Business Description
Phillips 66 Partners is a master limited partnership that provides fee-based transportation, processing, storage, and fractionation services primarily to Phillips 66, which owns a 74% limited partner interest. Phillips 66 Partners' primary revenue sources are long-term, fee-based contracts to handle crude, natural gas liquids, and refined products. Phillips 66 manages and operates Phillips 66 Partners as its noneconomic general partner. Phillips 66's general partner economic interest and incentive distribution rights were eliminated in August 2019.
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