Philip Morris Raises Quarterly Dividend by 2.6% to $1.17

Date : 11/09/2019 @ 20:32
Source : Dow Jones News
Stock : Philip Morris International Inc (PM)
Quote : 71.42  -0.14 (-0.20%) @ 03:32
Philip Morris share price Chart

Philip Morris Raises Quarterly Dividend by 2.6% to $1.17

Philip Morris (NYSE:PM)
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By Colin Kellaher

 

Philip Morris International Inc. (PM) on Wednesday said its board raised the quarterly dividend by 2.6% to $1.17 from $1.14.

The new payout, equal to $4.68 a year, represents an annual yield of about 6.28% based on Tuesday's closing price of $74.50, up from about 6.12%.

The New York tobacco company said the increased dividend is payable Oct. 11 to shareholders of record Sept. 25.

 

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

 

(END) Dow Jones Newswires

September 11, 2019 06:17 ET (10:17 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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