This post was written by Bob Ciura for Sure Dividend on February 1, 2017. Shares of oil refining giants Phillips 66 (NYSE:PSX) and Valero (NYSE:VLO) have more than doubled in the past five years. This might come as a surprise, since the oil industry is currently in the midst of one of its worst downturns in decades. And yet, Phillips 66 and Valero continue to pump out strong profits. Even better, they reward their shareholders with hefty dividend payouts. Neither company is a member of the Dividend Achievers – a group of a group of 272 stocks with 10+ years of consecutive dividend increases. You can see the full Dividend Achievers list here. That said, both stocks stand a great chance of becoming Dividend Achievers eventually. In the meantime, they offer above-average dividend yields, and annual dividend increases of 10% or more. But which dividend growth stock is better? This article will attempt to answer that question. Business Overview Both Phillips 66 and Valero are oil refiners. Their main business model is to receive crude oil and process it into, gasoline, diesel fuel, heating oil, and other refined petroleum products. They each have huge networks and assets. First, Phillips 66… Read full this story
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Dividend Growth Stock Battle: Phillips 66 Vs. Valero - Phillips 66 (NYSE:PSX) have 299 words, post on seekingalpha.com at February 2, 2017. This is cached page on Vietnam Art News. If you want remove this page, please contact us.