Is the Phillips 66 dividend safe?
Watch it
Phillips 66 pays 2.8% a year and uses 70% of its free cash flow to do it, which leaves little room.
The numbers behind it
Dividend yield2.8%
Paid out of free cash flow70%
Paid out of profit44%
Debt in years of earnings1.9 years
How we decide
We look at how much of its free cash flow a company hands out. Under 60% leaves room, 60% to 90% is tight, and above 90% or heavy debt puts the dividend at risk.
More questions about Phillips 66
Data as of Nov 13, 2026.