Buffett Favorite Phillips 66 Unexpectedly Goes Quiet |
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August 12, 2016 |
August 2016 Bond Updates
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Phillips 66 is down about 20% from its 52 week high and currently has a dividend yield of 3.25%. Although the dividend is attractive, the best value investors look for a significant capital gain as well. Rahul Garg says the company's decision to pull out of the Deutsche Bank Energy Summit may indicate they are in a quiet period. The dividend plus the potential for a near-term capital gain is why Rahul is recommending PSX as a best idea.
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View more at: http://www.forbes.com/sites/kenkam/2016/08/11/buffett-favorite-phillips-66-unexpectedly-goes-quiet/
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