Philip Morris International (PM) hikes dividend by 8.8%
Philip Morris International (PM) raised its quarterly dividend by 8.8% to $1.60 per share on September 18, 2026. The latest increase extends the company's dividend growth streak to 19 consecutive years.
The new quarterly payout brings Philip Morris International's annualized dividend to $6.40 per share. At a share price of $190.48, PM has a dividend yield of approximately 3.4%. The ex-dividend date is October 2, 2026. Philip Morris shares are up 20.8% year-to-date.
Dividend growth at Philip Morris has accelerated considerably over the past two years. The 8.8% increase in 2026 follows an 8.9% hike in 2025, compared with increases of 3.8% in 2024, 2.4% in 2023 and 1.6% in 2022.
The latest increase takes the quarterly dividend to a record $1.60 per share and marks the 19th consecutive year of dividend growth for Philip Morris International.
Philip Morris International is a global tobacco company whose portfolio includes cigarettes and smoke-free products, including heated tobacco and nicotine pouch products.
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