Yesterday Philip Morris International announced a quarterly dividend increase of from $1.00 to $1.02 per share that’s payable October 14, 2015 to holders of record September 30, 2015. This represents a 2% increase to regular quarterly dividends. The new annualized dividend rate is $4.08 per common share, representing a yield of 5.05% based on PM’s closing stock price of $80.81 on September 15, 2015.
Since I own 85 shares this will increase my yearly net dividends by $5.07.
That increase rises my YOC to 4.87%
Click here to see my portfolio holdings.
You can follow the development of my dividends here.