Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

This High-Yield Stock's Strategy Keeps Paying Dividends

TheMotleyFool

0 0

This High-Yield Stock's Strategy Keeps Paying Dividends

Phillips 66 Partners (NYSE: PSXP) has shifted its strategy over the past few years from acquiring assets from its parent Phillips 66 (NYSE: PSX) to developing organic expansion projects. That pivot is paying off, which was evident in the company's fourth-quarter results. Those numbers put the company's 6%-yielding payout on a rock-solid foundation. Meanwhile, with more growth coming down the pipeline, that payout appears poised to continue growing.

Metric

Q4 2019

Source Fool.com

Like: 0

PSXP

Share