Philip Morris International increases quarterly dividend 8.8% to $1.60 per share
The tobacco and smoke-free product maker raises its regular quarterly dividend from $1.47 per share, payable Oct. 26.
Philip Morris International Inc. (PM) said Thursday its board of directors declared a regular quarterly dividend of $1.60 per common share, representing an 8.8% increase from the previous payout of $1.47 per share.
Key takeaways
- Regular quarterly dividend raised by 8.8% to
$1.60per share from$1.47per share. - Annualized dividend rate reaches
$6.40per share following the announcement. - Dividend is payable on Oct. 26, 2026, to shareholders of record as of Oct. 2, 2026.
- Ex-dividend date is set for Oct. 2, 2026, according to a regulatory filing.
Dividend payout and payment timeline
The new quarterly rate of $1.60 per share brings the company's annualized dividend rate to $6.40 per share. The payment will be distributed on Oct. 26, 2026. Shareholders of record at the close of business on Oct. 2, 2026, will qualify for the distribution. The ex-dividend date falls on the same day as the record date, Oct. 2, 2026.
Historical dividend growth
The company said it has increased its annual dividend every year since becoming a public company in 2008. This track record represents a total increase of 248%, or a compound annual growth rate of 7.2% over that period, according to a statement.
Why it matters
Dividend increases offer income-focused holders a direct return of capital outside of earnings results. For Philip Morris International, the continuous annual dividend growth since 2008 reflects sustained capital return policies even as the company allocates funds toward expanding its smoke-free product portfolio and transitioning away from traditional cigarettes.
By the numbers
| Metric | Value | Source |
|---|---|---|
| New quarterly dividend | $1.60 per share | Press release |
| Previous quarterly dividend | $1.47 per share | Press release |
| Percentage increase | 8.8% | Press release |
| New annualized rate | $6.40 per share | Press release |
| Record date | Oct. 2, 2026 | Press release |
| Payment date | Oct. 26, 2026 | Press release |
Payment processing and future distribution details
Shareholders holding common stock as of the Oct. 2, 2026, record date will receive their payments on Oct. 26, 2026. The company maintains an investor relations portal providing further dividend distribution details at www.pmi.com/dividend for equity holders seeking additional information regarding the upcoming cash disbursement.