Summary
Phillips 66 (PSX) filed an 8-K on February 11, 2013, primarily to announce an update regarding its regular quarterly dividend. The company confirmed a dividend payment of $0.3125 per share. While the initial announcement listed a record date of February 18, 2013, this was subsequently corrected to February 21, 2013. The payment date for the dividend remains unchanged at March 1, 2013. This announcement is important for investors as it confirms the regular dividend payout and provides clarity on the updated record date. Shareholders should note the adjusted date for determining eligibility to receive the dividend. The consistency in the payment date suggests ongoing confidence in the company's financial stability and commitment to returning capital to shareholders.
Key Highlights
- 1Phillips 66 announced a regular quarterly dividend of $0.3125 per share.
- 2The dividend payment date is confirmed as March 1, 2013.
- 3The record date for dividend eligibility was corrected to February 21, 2013, from an initial date of February 18, 2013.
- 4This filing primarily serves as a notification of dividend-related information, with no other significant operational or financial updates disclosed.
- 5The company demonstrates a commitment to consistent dividend payouts, a common practice for mature energy companies.