Philip Morris Raises Quarterly Dividend by 2.4% to $1.30
September 13 2023 - 5:39AM
Dow Jones News
By Colin Kellaher
Philip Morris International's board has raised the tobacco
company's quarterly dividend by 2.4%, to $1.30 from $1.27.
The new payout, equal to $5.20 a year, represents an annual
yield of about 5.51% based on Tuesday's closing price of $94.45, up
from 5.38%.
The Stamford, Conn., company said the increased dividend is
payable Oct. 12 to shareholders of record Sept. 27.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 13, 2023 06:24 ET (10:24 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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