Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Phillips 66 will release its third-quarter earnings report before the opening bell on Wednesday, Oct. 28.
Analysts expect the company to report quarterly earnings of $11.79 per share, up from $2.52 per share in the year-ago period. The consensus estimate for Phillips 66’s quarterly revenue is $43.23 billion. It reported $34.98 billion last year, according to Benzinga Pro.
TD Cowen analyst Jason Gabelman maintained a Buy rating on Phillips 66 on Oct. 22 and raised the price target from $295 to $308.
Don’t Miss:
With the recent buzz around Phillips 66, some investors may be eyeing potential gains from the company’s dividends too. Phillips 66 currently offers an annual dividend yield of 1.84%, based on a quarterly dividend of $1.33 per share ($5.32 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $325,823 or around 1,128 shares. For a more modest $100 per month or $1,200 per year, you would need $65,280 or around 226 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($5.32 in this case). So, $6,000 / $5.32 = 1,128 shares ($500 per month), and $1,200 / $5.32 = 226 shares ($100 per month).
Trending: Think you’re saving enough for your kids? You might be dangerously off — see why
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
See Also: Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast
Photo via Shutterstock
Building Wealth Across More Than Just the Market
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.
EquityMultiple
For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process.
Arrived
Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.
American PowerGen
As artificial intelligence drives a surge in electricity demand, reliable power generation is becoming a critical part of the technology ecosystem. American PowerGen is developing natural gas-fired power plants in Texas, a fast-growing market fueled by AI data centers, manufacturing expansion, and population growth. By advancing projects through permitting, fuel supply, and grid interconnection, the company is positioning itself to help meet rising energy needs while offering investors exposure to the infrastructure supporting the next wave of AI and industrial growth.
Bito
As AI coding tools take on more of the work traditionally done by developers, companies are facing new challenges around code quality, context and the rising cost of AI-powered development. Bito is building software designed to help AI coding agents better understand complex codebases while helping companies control AI development costs. Founded by former PubMatic executives, Bito has raised more than $10 million from institutional and individual investors and is now raising additional capital through a Wefunder offering, giving investors an opportunity to invest in a company targeting an emerging need within the rapidly expanding AI software market.
FarmTogether
Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord he
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
