By Dean Seal

 

Philip Morris International Inc. raised its regular quarterly dividend by 1.6% to $1.27 a share.

The cigarette maker said Wednesday that its dividend has been upped to an annualized rate of $5.08 a share.

The new quarterly dividend is payable on Oct. 12 to shareholders of record as of Sept. 28.

 

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

September 14, 2022 09:00 ET (13:00 GMT)

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