Philip Morris Raises Quarterly Dividend by 4.2%, to $1.25
15 September 2021 - 1:46PM
Dow Jones News
By Colin Kellaher
Philip Morris International Inc. on Wednesday said its board
raised the quarterly dividend by 4.2%, to $1.25, from $1.20.
The new payout, equal to $5 a year, represents an annual yield
of about 4.9% based on Tuesday's closing price of $101.96, up from
4.71%.
The New York tobacco company said the increased dividend is
payable Oct. 14 to shareholders of record Sept. 29.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 15, 2021 07:31 ET (11:31 GMT)
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