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PMI increases its annual dividend by 2.6%

10 Sep 2019. Philip Morris International (PMI) has announced that its Board of Directors increased its regular dividend by 2.6 per cent to an annualised rate of USD 4.68 per share, according to a company press release.

The new quarterly dividend of USD 1.17 per share, which is up from USD 1.14 per share, is payable on 11 October 2019 to shareholders of record as of 25 September 2019. The ex-dividend date is 24 September 2019, according to the press release.

PMI has increased its annual dividend every year since becoming a public company in 2008, representing a total increase of 147.8 per cent, or a compound annual growth rate of 9.5 per cent, according to the company’s website.