Philip Morris International Inc.Continues to Prioritize Shareholder Returns with $1.30 Quarterly Dividend Declaration
Oct 3, 2024 - Stamford, CT: Philip Morris International Inc.(NYSE: PM) announced today that the Board of Directors has declared a regular quarterly dividend of $1.30 per common share, reaffirming the company’s commitment to delivering value to shareholders.The dividend will be payable on July 8, 2024, to shareholders of record as of June 21, 2024, with the ex-dividend date set for June 21, 2024.
This latest dividend declaration comes on the heels of Philip Morris International Inc.’s ongoing efforts to rebuild investor confidence and strengthen its position in the market.Despite a slight decrease in the 12 Month dividend payout ratio in the first quarter of 2024, the company remains committed to providing competitive returns to shareholders.
In comparison to its peers in the Consumer Non Cyclical sector, Philip Morris International Inc.has demonstrated solid performance, ranking higher than 36 in the fourth quarter of 2023.While the 12 Months dividend payout ratio remains above the company’s historical average, it reflects a strategic approach to balancing dividend payouts with reinvestment in growth opportunities.
With a focus on innovation and sustainability, Philip Morris International Inc.is actively working towards a smoke-free future, aligning its business strategy with evolving consumer preferences and regulatory trends.Investors can follow the company’s progress and access more information on stock performance, dividends, and corporate updates at www.pmi.com/dividend.
In conclusion, Philip Morris International Inc.’s commitment to shareholder returns, coupled with its strategic vision for a smoke-free future, positions the company for long-term success in the evolving global marketplace.
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