Dividends and payouts · Philip Morris International Inc. PM
Philip Morris raised its quarterly dividend to $1.60.
Philip Morris increased the quarterly payout from $1.47 to $1.60 per share. The cash is payable on October 26 to shareholders of record as of October 2.
What the board changed
The regular quarterly dividend rose by 8.8%. The declared annualized rate is $6.40 per share – a recomputation of the quarterly rate, not a separate payout for the entire upcoming year.
Direct effect for shareholders
A shareholder meeting the payment conditions will receive a higher cash dividend per share. This is a specific change to the payout; it does not guarantee an increase in the stock price or total investment return.
Record date has passed
The record date and ex-dividend date fell on October 2. Purchases after that date do not entitle the buyer to the October 26 payout; future payouts require checking new announcements.
What the announcement does not establish
The notice specifies the amount and terms of the payment but does not show its coverage by current earnings or cash flow. The dividend increase itself is not evidence of improved operating results.
What to watch next
In the financial statements, dividend payments should be compared with operating cash flow and investment needs. This helps assess the sustainability of payouts, not just the announced rate.
Prepared from official company documents with the help of AI and checked automatically and editorially: every number in the text matches the original source. This is not investment advice.