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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 common share, payable on January 10, 2022, to shareholders of record as of December 23, 2021. The ex-dividend date is December 22, 2021. This reflects PMI's commitment to rewarding shareholders while transitioning to a smoke-free future, aiming to replace cigarettes with smoke-free products. As of September 30, 2021, PMI's smoke-free products are available in 70 markets, with approximately 14.9 million adults having switched to IQOS.
Positive
Quarterly dividend of $1.25 per share reflects strong shareholder returns.
Continued expansion of smoke-free product portfolio highlights future growth potential.
14.9 million adults have switched to IQOS, indicating consumer acceptance and market penetration.
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 January 10, 2022, to shareholders of record as of December 23, 2021. The ex-dividend date is December 22, 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, its shareholders and other stakeholders. 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, versions of PMI's IQOS Platform 1 device and consumables 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 products, nicotine-containing vapor products and oral nicotine products. As of September 30, 2021, PMI's smoke-free products are available for sale in 70 markets in key cities or nationwide, and PMI estimates that approximately 14.9 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.
