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Philip Morris Raises Quarterly Dividend by 3.8% to $1.35

Provided by Dow Jones

Sep 12, 2024 11:36am

By Colin Kellaher

Philip Morris International's board has raised the tobacco company's quarterly dividend by 3.8%, to $1.35 from $1.30.

The new payout, equal to $5.40 a year, represents an annual yield of about 4.31%, based on Wednesday's closing price of $125.26, up from 4.15%.

The Stamford, Conn., company on Thursday said the increased dividend is payable Oct. 10 to shareholders of record Sept. 26.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

September 12, 2024 07:36 ET (11:36 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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