Tobacco company Philip Morris International (PM) will raise its quarterly dividend by 10.6 percent to $0.94 per share in 2013.
The new quarterly dividend of $0.94 per share, up from $0.85 per share, is payable on October 11, 2013, to stockholders of record as of September 26, 2013. The ex-dividend date is September 24, 2013.
Philip Morris International is engaged in the manufacture and sale of cigarettes and other nicotine-containing products in markets outside the United States of America. The company's brands include Marlboro, L&M, Lark, Merit, Muratti, Philip Morris, Bond Street, Chesterfield, Next and Red & White. PMI also owns various other local cigarette brands and has a strong presence in emerging markets.