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.
Diesel prices in the US have surged to an average of $5.85 per gallon, a nearly 60% increase from $3.71 last year, with California prices reaching $7.70 per gallon. This spike is driven by refinery shutdowns caused by conflicts in Ukraine and the Mid...
In August, the S&P 500 gained over 2%, reaching an all-time high mid-month, driven by strong performance in the energy sector, especially smaller refiners like MPC, PSX, and VLO. Despite ongoing macroeconomic risks such as labor market uncertainty, p...
