Philip Morris International said it will spend USD 18 billion (EUR 14.4 billion) over the next three years to repurchase shares after the current USD 12 billion buyback programme concludes ahead of schedule this year.

“Our announcements today are a further testament to our steadfast commitment to generously reward our shareholders over the long-term,” PMI said in a statement today.
PMI also said a regular quarterly dividend of USD 0.77 per common share will be paid 12 July. The new shares repurchase programme will begin in August. The shares repurchase target for this year remains at USD 6 billion, PMI said. (ci)