2Q distribution announced by Phillips 66 Partners

A second-quarter 2019 cash distribution of 85 cents has been declared by the board of directors at Phillips 66 Partners LP.

The $0.855 per common unit dividend was an increase of one cent from the first quarter of 2019, It is also the 23rd consecutive quarterly increase since the 2013 initial public offering by Phillips 66 Partners.

It is also a 14% increase compared to the second quarter 2018 distribution. The quarterly distribution will be payable August 13 2019 to unitholders of record as of July 31, 2019.