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An update from Philip Morris ( (PM) ) is now available.
Philip Morris International has raised its regular quarterly dividend by 3.8%, reaching an annualized rate of $5.40 per share, with the increased dividend of $1.35 payable on October 10, 2024. Moving beyond tobacco, PMI is focused on a smoke-free future, having invested over $12.5 billion in smoke-free products since 2008 and acquiring Swedish Match to strengthen their position. PMI’s smoke-free products, which now make up 38% of their net revenues, are available in 90 markets worldwide, with plans to expand into wellness and healthcare through Vectura Fertin Pharma.
For an in-depth examination of PM stock, go to TipRanks’ Stock Analysis page.
