Philip Morris International As of September 21, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
PM $5.00 4.2% 2.6% 2.6%
Business yield Hike yrs 5 yr CAGR freq. paid since
Smoking Products 5.0% 14 3.7% Quarter 2008
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Philip Morris has now raised its dividend 13 consecutive years © logo Philip Morris International
Philip Morris has now raised its dividend 13 consecutive years © logo Philip Morris International

Philip Morris International (PM) will raise its quarterly dividend by another 2.6 percent to $1.20 per share in 2020. This follows a similar 2.1 percent dividend hike to $1.17 quarterly by the cigarette maker last year. The dividend has now been raised for 13 consecutive years.

The next quarterly dividend of $1.20 per share is payable on October 13, 2020, to shareholders of record as of September 24, 2020. The ex-dividend date is September 23, 2020. A new annual rate of $4.80 per share yields 5.9% at a stock price of $81.23.

Phillip Morris International will now pay an estimated $7.5 billion in dividends to shareholders annually. The company's stock price is down 2.1 percent year-to-date resulting in a current market cap of $126.9 billion. The 5 year dividend growth rate has slowed to 3.3 percent annually, while the 10 year CAGR for PM's dividend is +7.3 percent because of double digit dividend hikes by the company in 2010, 2011, 2012 and 2013.

Philip Morris International (PM)
Stock price (11-Sep) $81.47
YTD Return -2.1%
2019 Return +27.5%
Market Cap $126.9B
Annual dividend $7.3B
Ex-dividend date 23-Sep
Dividend 10 yr CAGR +7.3%
www.dividendhike.com

Philip Morris International is engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, 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. The company's smoke-free product brand portfolio includes heated tobacco and nicotine-containing vapor products. Brands include IQOS, HEETS, Marlboro HeatSticks. Philip Morris International Inc. is a Virginia holding company incorporated in 1987.

Dividend Calendar

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Ex-date Ticker Yield YTD hike
Sep 23 XRAY 0.7% 10.0%
Sep 23 SRE 3.4% 5.3%
Sep 23 FLS 2.3% 0.0%
Sep 23 MDT 2.0% 8.6%
Sep 23 RL 2.5% 0.0%
Sep 23 IFF 2.4% 2.6%
Sep 24 EQR 3.0% 0.0%
Sep 24 GE 0.3% 0.0%
Sep 24 CERN 1.2% 0.0%
Sep 27 AMT 1.8% 5.0%