Philip Morris International Inc. Increases Dividend by 2.9% to an Annualized Rate of $4.28 Per Share
September 13 2017 - 9:07AM
Business Wire
Regulatory News:
The Board of Directors of Philip Morris International Inc. (NYSE
/ Euronext Paris: PM) today increased the company’s regular
quarterly dividend by 2.9% to an annualized rate of $4.28 per
share.
The new quarterly dividend of $1.07 per share, up from $1.04 per
share, is payable on October 12, 2017, to shareholders of record as
of September 27, 2017. The ex-dividend date is September 26,
2017.
This is the tenth consecutive year in which PMI has increased
its dividend, representing a total increase of 132.6%, or a
compound annual growth rate of 9.8%, since PMI became a public
company in 2008.
Investors are advised that the ex-dividend dates have been
adjusted as a result of an amendment adopted by the SEC to Rule
15c6-1 under the Securities Exchange Act of 1934 that shortens the
settlement cycle from three business days after Trade (T+3) to two
business days after the trade (T+2), effective September 5, 2017,
and will affect ex-date changes for any record dates as of
September 7, 2017, and going forward. The ex-dividend date will now
be one business day prior to the record date.
For more details on stock, dividends and other information, see
www.pmi.com/dividend.
About Philip Morris International Inc. (“PMI”)
PMI is a leading international tobacco company, with six of the
world's top 15 international brands and products sold in more than
180 markets. In addition to the manufacture and sale of cigarettes,
including Marlboro, the number one global cigarette brand, and
other tobacco products, PMI is engaged in the development and
commercialization of reduced-risk products (“RRPs”). RRPs is the
term PMI uses to refer to products that present, are likely to
present, or have the potential to present less risk of harm to
smokers who switch to these products versus continued smoking.
Through multidisciplinary capabilities in product development,
state-of-the-art facilities, and industry-leading scientific
substantiation, PMI aims to provide an RRP portfolio that meets a
broad spectrum of adult smoker preferences and rigorous regulatory
requirements. For more information, see www.pmi.com and
www.pmiscience.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170913005794/en/
Investor Relations:New York: +1 (917) 663 2233Lausanne: +41
(0)58 242 4666orMedia:Lausanne: +41 (0)58 242 4500
Philip Morris (NYSE:PM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Philip Morris (NYSE:PM)
Historical Stock Chart
From Apr 2023 to Apr 2024