Philip Morris International Inc. (NYSE:PM) Plans Quarterly Dividend of $1.60

Key Points

• Philip Morris International announced a quarterly dividend of $1.60 per share, an 8.8% increase from $1.47. Shareholders of record on October 2 will be paid on October 26, representing an annualized yield of approximately 3.4%.
• The company has raised its dividend for 17 consecutive years, with a current payout ratio of 71%. Analysts expect the dividend to remain covered by projected earnings, with a future payout ratio estimated at 64%.
• Philip Morris recently exceeded quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $205.89.

Philip Morris International Inc. (NYSE:PM - Get Free Report) announced a quarterly dividend on Friday, September 18th. Stockholders of record on Friday, October 2nd will be paid a dividend of 1.60 per share on Monday, October 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, October 2nd. This is a 8.8% increase from Philip Morris International's previous quarterly dividend of $1.47.

Philip Morris International has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 17 consecutive years. Philip Morris International has a payout ratio of 71.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Philip Morris International to earn $9.19 per share next year, which means the company should continue to be able to cover its $5.88 annual dividend with an expected future payout ratio of 64.0%.

Philip Morris International Stock Performance

Philip Morris International stock traded down $1.92 during midday trading on Friday, hitting $188.56. 7,793,063 shares of the company were exchanged, compared to its average volume of 5,009,720. The firm has a market capitalization of $293.90 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.44 and a beta of 0.37. Philip Morris International has a fifty-two week low of $142.11 and a fifty-two week high of $207.76. The business has a fifty day simple moving average of $189.18 and a two-hundred day simple moving average of $178.99.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.Philip Morris International's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities analysts expect that Philip Morris International will post 8.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on PM shares. Needham & Company LLC raised their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. UBS Group upped their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research report on Thursday, July 2nd. Morgan Stanley increased their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Stifel Nicolaus raised their target price on Philip Morris International from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Finally, BTIG Research set a $221.00 price target on Philip Morris International and gave the company a "buy" rating in a research note on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Company Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company's portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.

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