Phillips 66: 4.0% Yield With Lots Of Upside
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Phillips 66 (PSX) is coming out of its toughest year in operating history (thanks to covid), but is giving strong indications of good things to come. And despite what appeared to be a challenging Q1, PSX is turning the corner hard. This cash flow machine is well positioned to pay down debt and resume dividend increases and share repurchases. If you are a long-term income-focused investor, it’s worth a closer look.
Overview: Phillips 66, Yield: 4.0%
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