October 19, 2016 / 6:50 PM / in a year

BRIEF-Phillips 66 Partners increases quarterly cash distribution to $0.531 per unit

Oct 19 (Reuters) - Phillips 66 Partners LP :

* Phillips 66 Partners announces 5 percent increase in quarterly cash distribution

* Declared a third-quarter 2016 cash distribution of $0.531 per common unit

* Board of directors of its general partner declared a third-quarter 2016 cash distribution of $0.531 per common unit Source text for Eikon: Further company coverage:

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