Oil pipeline giant Enbridge (NYSE: ENB) and refining and midstream company Phillips 66 (NYSE: PSX) each have a long history of paying attractive dividends to investors. Enbridge has increased its dividend for 27 straight years, making it Dividend Aristocrat, while Phillips 66 has given investors 11 raises since its formation in 2012. The energy companies currently offer attractive dividend yields, 4.3% at Phillips 66 and 6.3% for Enbridge.
(Bloomberg) -- Phillips 66 and Enbridge Inc. swapped interests in two major US pipelines as part of a transaction merging joint ventures between the companies. Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesCovid’s Harmful Effects on the Brain Reverberate Years LaterBiden Called Cheney After Her Loss to Trump-Backed ChallengerAfter 2,240% Run, Tesla Visionary Leaves UK Fund Bleeding MoneyStock Market Plunge Punished 401(k) MillionairesPhillips 66 incre
Zacks.com users have recently been watching Phillips 66 (PSX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.