Philip Morris International hikes dividend by 2.6%
Philip Morris International (PM) will raise its quarterly dividend by 2.6 percent to $1.17 per share in 2019. This follows a 6.5 percent dividend hike by the sigarette maker last year.
The next quarterly dividend is payable on October 11, 2019, to shareholders of record as of September 25, 2019. The ex-dividend date is September 24, 2019. A new annual rate of $4.68 per share yields 6.4% at a stock price of $73.05.
Philip Morris International is engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the United States of America. The company's brands include Marlboro, L&M, Lark, Merit, Muratti, Philip Morris, Bond Street, Chesterfield, Next and Red & White. PMI also owns various other local cigarette brands and has a strong presence in emerging markets. The company's smoke-free product brand portfolio includes heated tobacco and nicotine-containing vapor products. Brands include IQOS, HEETS, Marlboro HeatSticks. Philip Morris International Inc. is a Virginia holding company incorporated in 1987.
The next quarterly dividend is payable on October 11, 2019, to shareholders of record as of September 25, 2019. The ex-dividend date is September 24, 2019. A new annual rate of $4.68 per share yields 6.4% at a stock price of $73.05.
Philip Morris International is engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the United States of America. The company's brands include Marlboro, L&M, Lark, Merit, Muratti, Philip Morris, Bond Street, Chesterfield, Next and Red & White. PMI also owns various other local cigarette brands and has a strong presence in emerging markets. The company's smoke-free product brand portfolio includes heated tobacco and nicotine-containing vapor products. Brands include IQOS, HEETS, Marlboro HeatSticks. Philip Morris International Inc. is a Virginia holding company incorporated in 1987.