PSX or Phillips 66 may not be in the forefront of your mind when it comes to buying stocks to collect some dividend checks. Here is why you may want to rethink that idea. Dividend Capturing or buying dividend stocks just to collect a check has been around for some time. Yes it does not work for every dividend stock, but for those who like a sure bet or as close to one as possible, PSX has performed very very well over the last 10 years.
I am just loving the statistics of this company. The market cap is only 45 Billion but the cash flow is $112 Billion. Shares of stock are sell for $83 but the revenue per share is $203. All that may not mean very much to you as a buy and hold stock pick.
As for Dividend Capturing, this stock scores a 100%.
Just out of high school I decided to be self employed, after running a successful manufacturing business I had a problem of making more money than I knew what to do with. I started investing, after 23 years of investing I now want to share my strategy with a select few that want an extra edge in their own investing.