Wednesday, September 13, 2017

Dividend Increase – Philip Morris International Inc. (PM)

Today Philip Morris International announced a quarterly dividend increase of from $ 1.04 to $ 1.07 per share that’s payable October 12, 2017 to holders of record September 28, 2017. This represents a 2.88% increase to regular quarterly dividends. The new annualized dividend rate is $ 4.28 per common share, representing a yield of 3.67% based on PM’s opening stock price of $ 116.74 on September 13, 2017. This is the tenth consecutive year in which PMI has increased its dividend, representing a total increase of 132.6%, or a compound annual growth rate of 9.8%, since PMI became a public company in 2008.

Since I own 85 shares of PM, this will increase my portfolio's projected annual net dividend income by $ 7.60.

That increase rises my YOC to 5.11%

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Thanks for stopping by!

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