Phillips 66 Impresses Investors with Its 4.5% Dividend Yield and 10% Total Yield

Phillips 66 (PSX) produced impressive Q1 earnings on May 3 with good margins and prospects going forward. Given its 5.68% buyback yield and its 4.5% dividend yield, PSX stock is very attractive to value investors with a 10%+ total yield

Moreover, the midstream chemicals and oil refinery company said it ran its 11 refineries at 93% of capacity in Q1 and plans on running them in the mid-90% range in Q2. That means its operating cash flow will continue to be strong going forward. This makes the stock very attractive to investors.