How To Earn $500 A Month From Phillips 66 Stock After Q3 Earnings Report
Portfolio Pulse from Lisa Levin
Phillips 66 (NYSE:PSX) reported Q3 earnings with an adjusted EPS of $4.63, falling short of the consensus estimate of $4.76, but revenue of $40.23 billion exceeded the consensus of $38.96 billion. The company raised the shareholder distributions target to a range of $13 billion to $15 billion. The company offers an annual dividend yield of 3.60%, which is a quarterly dividend amount of $1.05 per share. To earn $500 per month from dividends alone, an investment of approximately $166,893 or around 1,429 shares is needed.
November 06, 2023 | 1:48 pm
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NEUTRAL IMPACT
Phillips 66's Q3 earnings fell short of estimates but revenue exceeded consensus. The company also raised its shareholder distributions target and offers a significant dividend yield.
While the company's earnings fell short of estimates, the exceeded revenue and increased shareholder distributions target could balance the impact on the stock. The dividend yield remains attractive for income-focused investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100