Philip Morris (PM) Raises Quarterly Dividend 6.5% to $1.14; 5.9% Yield

Philip Morris (NYSE: PM) declared a quarterly dividend of $1.14 per share, or $4.56 annualized. This is a 6.5% increase from the prior dividend of $1.07.

The dividend will be payable on July 11, 2018, to stockholders of record on June 22, 2018, with an ex-dividend date of June 21, 2018.

The annual yield on the dividend is 5.9 percent.

“This decision reflects the Board’s confidence in the growth outlook of the company’s business, underpinned by the potential of its smoke-free products, and underscores the Board’s steadfast commitment to generously reward shareholders over time,” said Louis C. Camilleri, Chairman of the Board.

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

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