Philip Morris Keeps Dividend Steady

Global tobacco giant Philip Morris International (NYSE: PM  ) announced this morning its second-quarter dividend of $0.85 per share, the same rate it's paid for the past three quarters after raising the payout 10% from $0.77 per share.

The board of directors said the quarterly dividend is payable on July 12 to holders of record at the close of business on June 27. The regular dividend payment equates to a $3.40-per-share annual dividend, yielding 3.7% based on the closing price of Philip Morris International's stock on June 11.

PM Dividend Chart

PM Dividend data by YCharts.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2486857, ~/Articles/ArticleHandler.aspx, 4/20/2014 12:44:14 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement