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Philip Morris International (PMI) Increases Dividend by 4.2% to Annualized Rate of $5.00 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 increased the quarterly dividend by 4.2% to an annualized rate of $5.00 per share. The new dividend of $1.25 per share, up from $1.20, will be payable on October 14, 2021, to shareholders of record as of September 29, 2021, with an ex-dividend date of September 28, 2021. This adjustment reflects PMI's commitment to returning value to shareholders while continuing its transformation towards smoke-free products.
Positive
Dividend increased by 4.2% to an annualized rate of $5.00 per share.
New quarterly dividend of $1.25 per share reflects the company's confidence in its financial stability.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Regulatory News:
The Board of Directors of Philip Morris International Inc. (NYSE: PM) today increased the company’s regular quarterly dividend by 4.2% to an annualized rate of $5.00 per share.
The new quarterly dividend of $1.25 per share, up from $1.20 per share, is payable on October 14, 2021, to shareholders of record as of September 29, 2021. The ex-dividend date is September 28, 2021.
For more details on stock, dividends and other information, click here.
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 its 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, 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 June 30, 2021, PMI's smoke-free products are available for sale in 67 markets in key cities or nationwide, and PMI estimates that approximately 14.7 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.
