15.09.2019 15:15:00

If You Think This Energy Company's 3.5% Dividend Yield Is Attractive, You Should Check Out Its MLP

Phillips 66 (NYSE: PSX) has been an excellent dividend stock over the years. Since its formation in 2012, the refining giant has increased its payout nine times, growing it at an impressive 25% compound annual rate. Because of that, the company now yields an above-average 3.5%.However, as attractive as that payout might be, Phillips 66 offers investors an even better income option in its master limited partnership (MLP) Phillips 66 Partners (NYSE: PSXP). Here's why yield-seeking investors won't want to overlook that company.Image source: Getty Images.Continue reading
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