Wednesday, September 16, 2015

Dividend Increase – Philip Morris International Inc. (PM)

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.