Wednesday, September 14, 2016

Dividend Increase – Philip Morris International Inc. (PM)

Today Philip Morris International announced a quarterly dividend increase of from $1.02 to $1.04 per share that’s payable October 13, 2016 to holders of record September 28, 2016. This represents a 1.96% increase to regular quarterly dividends. The new annualized dividend rate is $4.16 per common share, representing a yield of 4.20% based on PM’s closing stock price of $98.93 on September 13, 2016.

Since I own 85 shares this will increase my yearly net dividends by $5.07.

That increase rises my YOC to 4.97%

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Thanks for stopping by!


  1. Congrats on the dividend increase!

    I sold my PM shares a while ago to prepare my portfolio better for trading options. But MO and RAI (which I kept) raised their dividends recently, too. Great stocks with nice yields!

  2. DHawk,

    So mad at them, another minimal increase, the heck!!!! So mad, but obviously okay and am taking it, but still!! Altria, Reynolds, etc.. all juiced theirs. Haha, that's it for my rant, apologize!


  3. Not surprised with a 2% raise here. PM is struggling against some headwinds, high dollar (temporary) and falling cigarette volumes (long term).