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-lived due to an upcoming buyout. Phillips 66 posted the largest 4.7% increase but carries higher risk with thinner cash coverage and increased debt, relying heavily on refining margins staying strong. Investors should weigh dividend safety alongside raise size when considering these stocks.
Phillips 66, which raised its dividend by 4.7%, trades at USD 289.32 on Pluang with a dividend yield of 1.83%. Avient Corporation, with a safer 2.7% raise, is priced at USD 40.34 and offers a 2.8% dividend yield. As of Oct 21, 2026 22:32 WIB, Phillips 66 shows a slight 0.59% decline while Avient is nearly flat with a 0.02% decrease on Pluang.
