Phillips 66: Attractive dividends
Company Overview:
Phillips 66 $PSX+1.7% is an integrated energy company that engages in refining, midstream, chemical and marketing activities. This diversification helps reduce earnings volatility, improve margins, and provide new growth opportunities.
Growing dividend and payouts to shareholders:
Sounds like a quality company. As for defensive and dividend stocks, I currently have as many of those in my portfolio as I want. In the event that I sell a dividend stock and there is room in the portfolio, this would definitely be an option.