# Dividend Rises and Risks: Which Stock Wins?

> Four companies raised dividends but face different risks for sustainable growth.
- Title: Dividend Rises and Risks: Which Stock Wins? · 24/7 Wall St.
- Summary: Four companies raised dividends but face different risks for sustainable growth. Phillips 66 has the most room to keep raising dividends after two raises…
- Keywords: silicon motion, penske automotive group, avient, phillips 66, dividend, dividend raise, dividend safety, cash flow, refining, semiconductors, specialty materials, auto retail
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/20/4-dividend-raises-4-different-risks-which-stock-comes-out-on-top
- Author: Chris Lange
- Published: 2026-10-20T15:30:42+00:00
- Read time: 1 min
- Topics: silicon motion, penske automotive group, avient, phillips 66, dividend, dividend raise, dividend safety, cash flow, refining, semiconductors, specialty materials, auto retail
## Dividend Raises Overview
Four companies in refining, auto retail, semiconductors, and specialty materials raised dividends this week.
## Penske Automotive Group
Penske raised its quarterly dividend to $1.46 from $1.44 with a buyout price of $212 per share.
## Silicon Motion
Silicon Motion increased its quarterly dividend by 15% to $0.575 but faces negative cash flow.
## Avient
Avient raised its quarterly dividend to $0.2825 with a 16-year consecutive increase record.
## Phillips 66
Phillips 66 raised its quarterly dividend to $1.33 with a 4.7% increase after a February raise.
## Dividend Safety Metrics
Penske has a 41% payout ratio with strong earnings growth, while Phillips 66 covers dividends 12.9 times with cash.
## Bull Cases
Penske's service margins hold up, Silicon Motion targets AI infrastructure growth, and Phillips 66 has new refining projects.
## Risks
Penske faces a buyout, Silicon Motion has negative cash flow, Avient is exposed to tariffs, Phillips 66 has debt concerns.
## Phillips 66 Wins
Phillips 66 has the most room to keep raising dividends after two raises this year and strong cash flow.
## Key takeaway

Phillips 66 has the most room to keep raising dividends after two raises this year and strong cash flow.