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These High-Yield Stocks Are Going Green to Grow Their Dividends

This means the margins they're earning to refine oil into gasoline, diesel, and jet fuel are soaring, giving them gushing profits to pay big-time dividends. Phillips 66 (NYSE: PSX) has been a great dividend stock since its inception a decade ago. The refining, midstream, and chemicals company has increased its dividend 11 times over the last 10 years, growing its payout at an 18% compound annual rate.