Today Philip Morris International announces a quarterly dividend increase of from $0.94 to $1.00 per share that’s payable October 10, 2014 to holders of record September 25, 2014. This represents a 6.4% increase to regular quarterly dividends.
Philip Morris International is a Dividend Challengers and has paid higher dividends consecutively for 6 years. With current price $83.83 (yesterday close), this raise brings their dividend yield to 4.77%.
Philip Morris International will remain in my portfolio and I’m currently holding it with no plans to accumulate more unless there is a big correction.
Since I own 85 shares this will increase my yearly net dividends by $15.20 . (~11.80€).
That increase rises my YOC to 5.03%
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You can follow the development of my dividends here.