The board of directors of Philip Morris (PM) has increased the company’s regular quarterly dividend by 8.9% to an annualized rate of $5.88 per share. The new quarterly dividend of $1.47 per share, up from $1.35 per share, is payable on October 20 to shareholders of record as of October 3. The ex-dividend date is October 3.
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 put volume heavy and directionally bearish
- Klarna (KLAR) Stock Starts Trading at $40 in Largest U.S. IPO of 2025
- PM, MO, BTI, TPB: How Tobacco Stocks Are Reacting to an FDA Nicotine Pouch Update
- Philip Morris price target lowered to $166 from $177 at UBS
- Philip Morris: Navigating US Nicotine Market Challenges with Moderate Growth Prospects