Philip Morris (PM) Raises Quarterly Dividend 2.9% to $1.07; 3.7% Yield

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Go back to Philip Morris (PM) Raises Quarterly Dividend 2.9% to $1.07; 3.7% Yield

Philip Morris International Inc. Increases Dividend by 2.9% to an Annualized Rate of $4.28 Per Share

September 13, 2017 9:08 AM EDT

NEW YORK--(BUSINESS WIRE)-- Regulatory News:

The Board of Directors of Philip Morris International Inc. (NYSE / Euronext Paris: PM) today increased the companys regular quarterly dividend by 2.9% to an annualized rate of $4.28 per share.

The new quarterly dividend of $1.07 per share, up from $1.04 per share, is payable on October 12, 2017, to shareholders of record as of September 27, 2017. The ex-dividend date is September 26, 2017.

This is the tenth consecutive year in which PMI has increased its dividend, representing a total increase of... More