On september 14, 2022, Philip Morris International (PM) declared a 1.6% dividend hike to $1.27 per share quarterly. This follows a dividend hike of 4.2 percent to $1.25 per share in 2021 and marks 15 consecutive years of dividend growth by the tobacco company. The average 5 year CAGR for the dividend is just 3.5% now.
The new quarterly dividend of $1.27 per share, up from $1.25 per share, is payable on October 12, 2022, to shareholders of record as of September 28, 2022. The ex-dividend date is September 27, 2022. A new annual dividend rate of $5.08 per share yields 5.4% to PM shareholders at a stock price of $94. Last month fellow tobacco co Altria, a Dividend Aristocrat, announced a dividend hike of 4.4%.
| Philip Morris Int. (PM) Dividend history & growth statistics | |
| Company name | Philip Morris International Inc |
| Ticker symbol | PM |
| ISIN-code | US7181721090 |
| company website | https://www.pmi.com/ |
| Sector | Consumer Staples |
| Business | Smoking Products |
| Dividend paid since | 2008 |
| Track record (years increased) | 15 |
| Payment Frequency | Quarterly dividend |
| Dividend growth: 5 year average | 3.5% |
| Next dividend per share | $1.25 |
| Annual dividend per share | $5.08 |
| Dividend yield* | 5.4% |
| Stock price* | $94.02 |
| YTD Total Return* | 1.6% |
| Next ex-dividend date | June 30, 2022 |
| Next payment date | July 15, 2022 |
| Market cap (in $B)* | 145.75 |
| Total dividend (in $B) | 7.87 |
| © www.dividendhike.com | *As of September 14, 2022 |
Phillip Morris International will now pay an estimated $7.9 billion in dividends to shareholders annually. The 5 year dividend growth rate has slowed to 3.5 percent annually, down from 3.7 percent in 2021, while the 10 year CAGR for PM's dividend is +5.0 percent. PM last hiked the dividend by double digits in 2010, 2011, 2012 and 2013.
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.
2022