Philip Morris raises dividend to $1.60

• Philip Morris International (NYSE:PM) increased its quarterly dividend by 8.8% to $1.60 per share.
• The new dividend equals an annualized rate of $6.40 per share and will be paid on October 26, 2026.
• The company has increased its annual dividend every year since becoming public in 2008.

Philip Morris International (NYSE:PM) increased its regular quarterly dividend by 8.8% to $1.60 per share, representing an annualized dividend rate of $6.40 per share.

The new dividend is payable on October 26, 2026, to shareholders of record as of October 2, 2026, with the ex-dividend date also set for October 2, 2026.

The dividend increase raises the quarterly payment from $1.47 per share and continues the company’s annual dividend growth record since becoming a public company in 2008.

Philip Morris International operates in the tobacco and nicotine products industry, with a focus on cigarette alternatives and smoke-free products alongside its traditional tobacco business.

The company said its annual dividend has increased by 248% since its public listing, representing a compound annual growth rate of 7.2% over that period.