Philip Morris International Inc. (NYSE:PM) Declares Dividend Increase – $1.60 Per Share

Philip Morris International Inc. (NYSE:PM) announced a quarterly dividend on Friday, September 18th. Investors of record on Friday, October 2nd will be paid a dividend of 1.60 per share on Monday, October 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, October 2nd. This is a 8.8% increase from Philip Morris International’s previous quarterly dividend of $1.47.

Philip Morris International has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 17 consecutive years. Philip Morris International has a dividend payout ratio of 71.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Philip Morris International to earn $9.19 per share next year, which means the company should continue to be able to cover its $5.88 annual dividend with an expected future payout ratio of 64.0%.

Philip Morris International Stock Down 1.0%

PM stock opened at $188.56 on Friday. Philip Morris International has a twelve month low of $142.11 and a twelve month high of $207.76. The company has a market cap of $293.90 billion, a P/E ratio of 27.09, a PEG ratio of 2.42 and a beta of 0.37. The business has a fifty day moving average of $189.31 and a 200-day moving average of $179.06.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities research analysts anticipate that Philip Morris International will post 8.48 earnings per share for the current fiscal year.

Philip Morris International Company Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.