Is Phillips 66 Partners a Great Dividend Stock?
Phillips 66 Partners (NYSE: PSXP) has flown under the radar of most dividend investors over the years. One of the factors overshadowing the energy company is all the turbulence in that sector due to the continued volatility of oil and gas prices. On top of that, the master limited partnership (MLP) has also stood in the shadow of its parent, refining giant Phillips 66 (NYSE: PSX), which is an excellent income stock in its own right.
Phillips 66 Partners, however, has all the makings of a great dividend stock. Here's why.
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Source Fool.com
