The board of directors of Philip Morris has increased the company’s regular quarterly dividend by 3.8% to an annualized rate of $5.40 per share. The new quarterly dividend of $1.35 per share, up from $1.30 per share, is payable on October 10, to shareholders of record as of September 26. The ex-dividend date is September 26.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PM:
- Philip Morris increases quarterly dividend to $1.35 per share
- Philip Morris price target raised to $145 from $130 at Barclays
- Philip Morris price target raised to $139 from $125 at BofA
- Philip Morris reaffirms FY24 adjusted EPS view $6.33-$6.45, consensus $6.40
- Philip Morris price target raised to $138 from $120 at Stifel