Phillips 66 (NYSE: PSX), on Friday, reported downbeat earnings for its third quarter.

Phillips 66 reported an adjusted EPS of $4.63 for the third quarter, falling short of the consensus estimate of $4.76. Revenue of $40.23 billion exceeded the consensus of $38.96 billion.

Phillips 66, meanwhile, raised the shareholder distributions target to a range of $13 billion to $15 billion.

With the buzz around Phillips 66 following quarterly earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, Phillips 66 offers an annual dividend yield of 3.60%, which is a quarterly dividend amount of $1.05 per share ($4.20 a year).

So, how can investors exploit its dividend yield to pocket a regular ...

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