Philip Morris International Inc. (NYSE:PM) Plans Dividend Increase - $1.47 Per Share

Key Points

• Philip Morris International Inc. has declared a quarterly dividend of $1.47, marking an 8.9% increase from its previous dividend of $1.35, with the payment to be made on October 20th.
• The company reported $10.14 billion in revenue for the last quarter, which was slightly below analysts' expectations, and reported earnings per share (EPS) of $1.91.
• Equities research analysts have set a consensus rating of "Moderate Buy" for Philip Morris International, with an average price target of $184.91.

Philip Morris International Inc. (NYSE:PM - Get Free Report) declared a quarterly dividend on Friday, September 19th, RTT News reports. Investors of record on Friday, October 3rd will be paid a dividend of 1.47 per share on Monday, October 20th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, October 3rd. This is a 8.9% increase from Philip Morris International's previous quarterly dividend of $1.35.

Philip Morris International has a payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Philip Morris International to earn $7.90 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 68.4%.

Philip Morris International Stock Performance

PM traded up $0.29 during trading on Tuesday, reaching $162.27. The company had a trading volume of 1,646,643 shares, compared to its average volume of 5,980,833. The firm's 50-day simple moving average is $166.89 and its 200 day simple moving average is $168.19. The company has a market cap of $252.59 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 2.36 and a beta of 0.49. Philip Morris International has a 12-month low of $116.12 and a 12-month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.Philip Morris International's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side analysts expect that Philip Morris International will post 7.14 EPS for the current year.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.