Philip Morris Raises Quarterly Dividend by 2.6% to $1.17
11 September 2019 - 8:32PM
Dow Jones News
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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