Philip Morris International Inc. (PM) to Issue Quarterly Dividend of $1.60 on October 26th

Philip Morris International Inc. (NYSE:PM) declared a quarterly dividend on Friday, September 18th. Investors of record on Friday, October 2nd will be paid a dividend of $1.60 per share on Monday, October 26th. This represents a $6.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, October 2nd. This is a 8.8% increase from Philip Morris International’s previous quarterly dividend of $1.47.

Philip Morris International has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 17 consecutive years. Philip Morris International has a payout ratio of 77.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Philip Morris International to earn $9.22 per share next year, which means the company should continue to be able to cover its $6.40 annual dividend with an expected future payout ratio of 69.4%.

Philip Morris International Stock Performance

NYSE PM opened at $193.90 on Wednesday. The business’s fifty day moving average is $190.05 and its 200 day moving average is $179.93. Philip Morris International has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The company has a market capitalization of $302.22 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.48 and a beta of 0.37.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the business posted $1.89 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, sell-side analysts forecast that Philip Morris International will post 8.44 EPS for the current year.

Philip Morris International Company Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company operates in markets outside the United States and sells products across more than 180 countries. Its portfolio includes cigarettes, heated tobacco products, nicotine pouches, e-cigarettes and other smoke-free alternatives.

Philip Morris International’s traditional cigarette brands include Marlboro, Parliament, L&M, Chesterfield and Bond Street. The company has increasingly focused on developing and commercializing smoke-free products, including IQOS heated tobacco devices and consumables, ZYN nicotine pouches and VEEV e-cigarettes.