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Philip Morris International Inc. Declares Regular Quarterly Dividend of $1.25 Per Share
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
The Board of Directors of Philip Morris International (NYSE: PM) has declared a quarterly dividend of $1.25 per share, payable on July 15, 2022, to shareholders on record as of July 1, 2022. The ex-dividend date is June 30, 2022. PMI continues to focus on transitioning to a smoke-free future, having invested over USD 9 billion since 2008 in innovative products. As of March 31, 2022, approximately 12.7 million adults globally have switched to PMI's smoke-free products.
Positive
Quarterly dividend of $1.25 per share will benefit shareholders.
PMI has invested over USD 9 billion since 2008 in smoke-free product development.
Estimated 12.7 million adults have switched to smoke-free products, showing market acceptance.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Regulatory News:
The Board of Directors of Philip Morris International Inc. (NYSE: PM) today declared a regular quarterly dividend of $1.25 per common share, payable on July 15, 2022, to shareholders of record as of July 1, 2022. The ex-dividend date is June 30, 2022. For more details on stock, dividends and other information, see www.pmi.com/dividend.
Philip Morris International: Delivering a Smoke-Free Future
Philip Morris International (PMI) is a leading international tobacco company working to deliver a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company’s current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor and oral nicotine products, which are sold in markets outside the U.S. Since 2008, PMI has invested more than USD 9 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. The U.S. Food and Drug Administration (FDA) has authorized the marketing of versions of PMI’s IQOS Platform 1 devices and consumables as Modified Risk Tobacco Products (MRTPs), finding that exposure modification orders for these products are appropriate to promote the public health. As of March 31, 2022, PMI's smoke-free products are available for sale in 71 markets, and PMI estimates that approximately 12.7 million adults around the world excluding Russia and Ukraine, have already switched to IQOS and stopped smoking. With a strong foundation and significant expertise in life sciences, in February 2021 PMI announced its ambition to expand into wellness and healthcare areas and deliver innovative products and solutions that aim to address unmet consumer and patient needs. For more information, please visit www.pmi.com and www.pmiscience.com.
