How to Earn $500 a Month From Phillips 66 Stock Ahead of Q3 Earnings

by | Oct 27, 2026 | General

Phillips 66 (NYSE:PSX) will release its third-quarter earnings report before the opening bell on Wednesday, Oct. 28.

Analysts expect the company to report quarterly earnings of $11.79 per share, up from $2.52 per share in the year-ago period. The consensus estimate for Phillips 66’s quarterly revenue is $43.23 billion. It reported $34.98 billion last year, according to Benzinga Pro.

TD Cowen analyst Jason Gabelman maintained a Buy rating on Phillips 66 on Oct. 22 and raised the price target from $295 to $308.

With the recent buzz around Phillips 66, some investors may be eyeing potential gains from the company’s dividends too. Phillips 66 currently offers an annual dividend yield of 1.84%, based on a quarterly dividend of $1.33 per share ($5.32 a year).

So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $325,823 or around 1,128 shares. For a more modest $100 per month or $1,200 per year, you would need $65,280 or around 226 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($5.32 in this case). So, $6,000 / $5.32 = 1,128 shares ($500 per month), and $1,200 / $5.32 = 226 shares ($100 per month).

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.

PSX Price Action: Shares of Phillips 66 gained 2% to close at $288.85 on Monday.

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