On Friday, September 18, the Board of Directors of Philip Morris International Inc. (PM) announced an increase in its quarterly dividend from $1.47 to $1.60 per share. The new dividend is payable on October 26, 2026, to shareholders of record as of October 2, 2026.
The 8.84% increase is significantly higher than Philip Morris International’s recent dividend growth rates and represents a very pleasant surprise for shareholders.
PM has increased its annual dividend every year since becoming a public company in 2008. During that period, the annual dividend has increased by 248%, representing a compound annual growth rate of 7.2%.






