On Friday,
September 19th, Philip Morris International Inc. (PM) announced
that its Board of Directors approved a quarterly dividend increase
from $1.35 to $1.47 per share. The dividend is payable on October 20,
2025, to shareholders of record as of October 3, 2025. This
represents a 8.89% increase over the last quarterly dividend.
PM has increased its annual dividend
every year since becoming a public company in 2008, representing a
total increase of 219.6%, or a compound annual growth rate of 7.1%.
At the current price of $161.98 (yesterday's close), this increase will raise PM's dividend yield to
3.63%.