Philip Morris International (NYSE:PM) has declared its latest quarterly dividend, and its first for 2013, and it will be keeping its payout steady. The company will dispense $0.85 per share of its common stock on April 12 to shareholders of record as of March 28. That matches the company's last two payments, which were handed out in September and December. Before that, the cigarette producer paid $0.77 per share.
The company has been a habitual dividend payer over the past few years, typically raising its disbursement once every four quarters.
The current dividend annualizes to $3.40 per share. That yields 3.8% at Philip Morris' most recent closing stock price of $90.55.
Fool contributor Eric Volkman has no position in Philip Morris International. The Motley Fool owns shares of Philip Morris International. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.