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 : 85.57  -4.07 (-4.54%) @ 12:00
Philip Morris share price Chart
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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


(END) Dow Jones Newswires

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

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