Phillips 66
PSXPhillips 66 (PSX) is a Energy company that currently yields 2.03% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $81.04 and the overvaluation threshold at $151.31. Phillips 66 holds a quality score of 50/100 (Average), reflecting 13 consecutive years of dividend growth. The 5-year dividend CAGR stands at 5.7%.
PSX Dividend Yield History — Weiss Valuation
Distance to undervalued
Entry price is stretched
Needs 66.6% downside to reach the Weiss buy zone
Undervaluation starts near $81.04, where the annual dividend would imply roughly 6.10% yield. That is 4.06% above today's yield.
Buy-zone price
$81.04
Target yield
6.10%
Research checklist
What to clear before buying the yield
Updated Aug 23, 2026
Dividend durability
13YLong dividend history supports a deeper look.
Earnings payout
226%Coverage deserves a closer look in filings.
Cash payout
45%Free cash flow coverage supports the payment.
Dividend growth
5.7%Recent growth adds income compounding potential.
What changed
What changed since the last update
2026-08-22 → 2026-08-23
Quality score
-2575/100 → 50/100
Quality score weakened by 25 points.
Payout ratio
+197.37 pp28% → 226%
Payout ratio increased by 197 percentage points.
Why Now?
Phillips 66 is trading near its historical overvaluation band.
Current yield 2.0% vs historical max 5.6% (37% of maximum).
13 consecutive years without a dividend cut.
Elevated payout ratio of 226%.
What matters now
Read the signal before the headline yield
Valuation is the brake here: the yield is compressed versus its own history.
The 50/100 quality score says the headline yield needs extra skepticism.
The earnings payout ratio is above 100%, so coverage is the first risk to unpack.
PSX Dividend Income Projection — DRIP Compounder
Dividend Compounder (DRIP)
Year 1 Income
$215
Year 10 Income
$450
Yield on Cost
4.66%
Total Income
$3,172
Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.
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Full price history & technical analysis
TradingView ↗Fundamentals, valuation & analyst ratings
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Sharesight ↗PSX Dividend Quality Score
Quality Score
Average
Key Metrics
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In-depth analysis
→ PSX Dividend Analysis Article