Phillips 66 announces 25% increase in quarterly dividend; approves additional $1 bln share repurchase: Co's Board of Directors has approved a 25% increase in the company's dividend, effective in the first quarter of 2013, representing an annual dividend of $1.25 per share of common stock. Phillips 66's board of directors has also approved an additional $1 billion share repurchase which augments the $1 billion share repurchase plan announced in the third quarter of 2012.Didn't we just post a PSX story earlier today! Whoo-hoo!
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