These 3 Companies Raised Their Dividends. The Biggest Raise May Not Be the Safest
Phillips 66 (PSX) raised its dividend to $1.33, the largest increase among three companies. Penske Automotive Group (PAG) increased its dividend to $1.46, while Avient (AVNT) raised its to $0.2825. Avient's raise is deemed safest with a 51% free-cash-flow payout ratio, while Phillips 66 has the highest payout ratio at 70%.




