Philip Morris Board Authorizes Up to $7 Billion in Buybacks
By Matt Grossman
Philip Morris International Inc.'s board of directors has
authorized a share-repurchase program of up to $7 billion, the
company said Friday.
The program targets spending of between $5 billion and $7
billion over three years, the New York City-based tobacco company
The company also declared a regular quarterly dividend of $1.20
a share to be paid on July 12.
Write to Matt Grossman at firstname.lastname@example.org
(END) Dow Jones Newswires
June 11, 2021 09:25 ET (13:25 GMT)
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