Phillips 66 pays $1.27 dividend as quarterly rate stays higher
On September 1, 2026, Phillips 66 shareholders received a $1.27 per-share dividend, continuing the higher quarterly rate set earlier in the year. Target and Wells Fargo also issued first checks at increased dividend rates. The raises are framed as reflecting strong earnings and capital returns. Separately, US diesel prices averaged about $5.85 per gallon, near record highs, while the S&P 500 rose in August led by energy.