Philip Morris International Increases Dividend by 3.8% to Annualized Rate of $5.40 per Share
12 September 2024 - 9:13PM
Business Wire
Regulatory News:
The Board of Directors of Philip Morris International Inc.
(NYSE: PM) has increased the company’s regular quarterly dividend
by 3.8% to an annualized rate of $5.40 per share.
The new quarterly dividend of $1.35 per share, up from $1.30 per
share, is payable on October 10, 2024, to shareholders of record as
of September 26, 2024. The ex-dividend date is September 26,
2024.
For additional dividend information, see
www.pmi.com/dividend.
Philip Morris International: Delivering a Smoke-Free
Future
Philip Morris International (PMI) is a leading international
tobacco company, actively delivering a smoke-free future and
evolving its portfolio for the long term to include products
outside of the tobacco and nicotine sector. The company’s current
product portfolio primarily consists of cigarettes and smoke-free
products. Since 2008, PMI has invested over $12.5 billion to
develop, scientifically substantiate and commercialize innovative
smoke-free products for adults who would otherwise continue to
smoke, with the goal of completely ending the sale of cigarettes.
This includes the building of world-class scientific assessment
capabilities, notably in the areas of pre-clinical systems
toxicology, clinical and behavioral research, as well as
post-market studies. In 2022, PMI acquired Swedish Match – a leader
in oral nicotine delivery – creating a global smoke-free champion
led by the companies’ IQOS and ZYN brands. The U.S. Food and Drug
Administration has authorized versions of PMI’s IQOS devices and
consumables and Swedish Match’s General snus as Modified Risk
Tobacco Products and renewal applications for these products are
presently pending before the FDA. As of June 30, 2024, PMI's
smoke-free products were available for sale in 90 markets, and PMI
estimates that 36.5 million adults around the world use PMI's
smoke-free products. Smoke-free business accounted for
approximately 38% of PMI’s total first-half 2024 net revenues. With
a strong foundation and significant expertise in life sciences, PMI
announced in February 2021 its ambition to expand into wellness and
healthcare areas and, through its Vectura Fertin Pharma business,
aims to enhance life through the delivery of seamless health
experiences. "PMI" refers to Philip Morris International Inc. and
its subsidiaries. For more information, please visit www.pmi.com
and www.pmiscience.com.
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Philip Morris International Investor Relations: Stamford,
CT: +1 (203) 905 2413 Lausanne: +41 582 424 666 Email:
InvestorRelations@pmi.com Media: David Fraser Lausanne: +41 582 424
500 Email: David.Fraser@pmi.com
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