![]() Management is keenly aware of the importance of reinvesting in the business to ensure growth - and positioning it to continue rewarding shareholders without jeopardizing its financial health. This concern, however, is not so applicable. Smart investors recognize that while a high-yield dividend stock is excellent, it means little if the company can't sustain its payout to shareholders. Regarding its downstream business, Phillips 66 refines crude oil and other feedstocks at 12 refineries in the U.S. ![]() ![]() In addition to its midstream business, which includes 22,000 miles of pipeline across the United States, Phillips 66 manufactures petrochemicals and plastics at 28 facilities worldwide. Scott Levine (Phillips 66) : Offering investors the chance to energize their passive income streams with a forward-yielding dividend of 4.2%, Phillips 66 is an oil and gas company that owns and/or operates various assets across the value chain. Get your high-yield kicks with Phillips 66
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