Today Philip Morris International announced a quarterly dividend increase of from $ 1.07 to $ 1.14 per share that’s payable July 11, 2018 to holders of record June 22, 2018. This represents a 6.54% increase to regular quarterly dividends. The new annualized dividend rate is $ 4.56 per common share, representing a yield of 5.89% based on PM’s close stock price of $ 77.39 on June 7, 2018. This is the eleventh consecutive year in which PMI has increased its dividend, representing a total increase of 147.8%, or a compound annual growth rate of 9.5%, 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 $ 17.73.
That increase rises my YOC to 5.45%
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