Philip Morris Int'l (PM) Declares $1.00 Quarterly Dividend; Chairman Camilleri to Retire

Philip Morris Int'l (NYSE: PM) declared a quarterly dividend of $1.00 per share, or $4 annualized.

The dividend will be payable on January 9, 2015, to stockholders of record on December 24, 2014, with an ex-dividend date of December 22, 2014.

The annual yield on the dividend is 4.6 percent.

The Company also announces that Louis C. Camilleri, Chairman of the Board, will retire from employment with the Company on December 31, 2014. Thereafter, Mr. Camilleri will serve as a non-employee Chairman of the Board. In this capacity, Mr. Camilleri will continue unchanged his role of facilitating communication between the Board of Directors and management, assisting the Chief Executive Officer in matters of long-term business strategy, and presiding at Shareholder and Board meetings. Thus, Mr. Camilleri’s retirement will not affect his leadership role as Chairman of the Board, and it will preserve his earned pension benefits at present levels which would otherwise be reduced under the Company’s pension formula.

For a dividend history and other dividend-related data on Philip Morris Int'l (PM) click here.

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