Philip Morris International (PM) Boosts Qtr. Dividend 17.4% to $0.54/Share
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Philip Morris International Inc. (NYSE: PM) today announced that its Board has approved a 17.4% increase in its quarterly dividend from $0.46 to $0.54 per common share, payable on October 10, 2008, to stockholders of record as of September 15, 2008. The ex-dividend date is September 11, 2008.
With shares of Philip Morris Int'l trading at $53.92 this morning, the stock's dividend yield is now just over 4%.
Philip Morris International, Inc. engages in the manufacture and sale of cigarettes and other tobacco products in markets outside the United States of America.
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