On September 1, 2026, shareholders of Phillips 66, Target, and Wells Fargo received dividend payments, with Target and Wells Fargo issuing their first checks at newly increased rates. Phillips 66 paid $1.27 per share, continuing its higher quarterly rate set earlier in the year. Target raised its dividend to $1.16 per share, up from $1.14, while Wells Fargo increased its payout to $0.50 from $0.45. These dividend raises reflect strong earnings and capital returns, signaling confidence in future growth and rewarding income investors. Investors should watch for upcoming dividend announcements from these companies later in the year.
Three companies—Avient, Penske Automotive Group, and Phillips 66—recently increased their dividends. Avient's 2.7% raise is the safest, backed by strong free cash flow and a solid balance sheet. Penske's 1.4% raise is well-covered but may be short-li...
Phillips 66 increased its quarterly dividend by 4.7% to $1.33 per share after delivering a 133% stock gain this year. The company’s strong cash flow, especially from midstream operations, supports the dividend despite volatile refining margins and a ...
