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Phillips 66 Partners Declares Quarterly Cash Distribution

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a first-quarter 2020 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized basis. This represents a 4% increase compared to the first-quarter 2019 distribution. The quarterly distribution is payable May 14, 2020, to unitholders of record as of May 1, 2020.