Philip Morris Increases Dividend by 8.8%
Philip Morris International Inc. (NYSE: PM) has increased its quarterly dividend to $1.60 per share, representing an annualized payout of $6.40 and a yield of approximately 3.4%. This marks the company's continued commitment to returning value to shareholders, with dividends raised every year since 2008 at a compound annual growth rate (CAGR) of 7.2%. The dividend increase is supported by strong financial performance in Q2 2026, including nearly 8% organic revenue growth and a 14% rise in adjusted diluted earnings per share on a currency-neutral basis. Smoke-free products now account for 42% of PMI's total revenue, driven largely by IQOS and ZYN pouches. Despite the solid financials, concerns remain about the relatively low yield compared to historical levels. The company is also investing heavily in its smoke-free portfolio while managing capital expenditures between $1.4 billion and $1.6 billion for 2026.
Tickers: $PM