Philip Morris International Inc. Declares Regular Quarterly Dividend of $1.20 Per Share

Rhea-AI Summary

The Board of Directors of Philip Morris International (NYSE: PM) has declared a quarterly dividend of $1.20 per common share, payable on April 9, 2021, to shareholders of record as of March 22, 2021. The ex-dividend date is set for March 19, 2021. PMI continues its transformation towards a smoke-free future, aiming to replace traditional cigarettes with smoke-free products. As of December 31, 2020, approximately 12.7 million adults have switched to IQOS. For more details, visit www.pmi.com/dividend.

Positive

• Quarterly dividend declared at $1.20 per share, indicating strong shareholder returns.
• As of December 31, 2020, approximately 12.7 million adults have switched to IQOS, demonstrating successful product adoption.

Negative

• None.

Regulatory News:

The Board of Directors of Philip Morris International Inc. (NYSE: PM) today declared a regular quarterly dividend of $1.20 per common share, payable on April 9, 2021, to shareholders of record as of March 22, 2021. The ex-dividend date is March 19, 2021. 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 leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders. PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, as well as smoke-free products, associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.S. In addition, PMI ships versions of its IQOS Platform 1 device and consumables to Altria Group, Inc. for sale under license in the U.S., where these products have received marketing authorizations from the U.S. Food and Drug Administration (FDA) under the premarket tobacco product application (PMTA) pathway; the FDA has also authorized the marketing of a version of IQOS and its consumables as a Modified Risk Tobacco Product (MRTP), finding that an exposure modification order for these products is appropriate to promote the public health. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements. PMI's smoke-free product portfolio includes heat-not-burn and nicotine-containing vapor products. As of December 31, 2020, IQOS is available for sale in 64 markets in key cities or nationwide, and PMI estimates that approximately 12.7 million adults around the world have already switched to IQOS and stopped smoking. For more information, please visit www.pmi.com and www.pmiscience.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210304005605/en/

FAQ

What is the dividend amount declared by Philip Morris International?

Philip Morris International declared a quarterly dividend of $1.20 per common share.

When will the dividend be paid?

The dividend will be payable on April 9, 2021.

What is the ex-dividend date for Philip Morris International's dividend?

The ex-dividend date is March 19, 2021.

What is Philip Morris International's plan for smoke-free products?

PMI aims to create a smoke-free future by replacing cigarettes with smoke-free products, such as IQOS.

How many adults have switched to IQOS?

As of December 31, 2020, approximately 12.7 million adults have switched to IQOS.