Phillips 66 Partners raises quarterly cash distribution by 5% to 53.10 per unit

Phillips 66 Partners LP said Wednesday it's raising its quarterly distribution by 5% to 53.10 cents per unit. The new payment will be mad Nov. 14 to unitholders of record as of Nov. 2. Shares were up 1% but are down 23% in the year so far, while the S&P 500 has gained about 5%.

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