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Philip Morris International (PM) Dividend Yield, Date & History

Philip Morris International logo
$124.22 +2.05 (+1.68%)
(As of 12/20/2024 05:31 PM ET)

Philip Morris International Dividend Summary

Dividend Yield
4.35%
Annual Dividend
$5.40
Next
Dividend Payment
Jan. 13
Dividend Increase
Track Record
17 Years
Annualized 3-Year
Dividend Growth
2.74%
Dividend Payout Ratio
85.71%

Philip Morris International (PM) pays an annual dividend of $5.40 per share, with a dividend yield of 4.35%. The next quarterly payment of $1.35 per share is scheduled for Monday, January 13, to investors who own the stock before the ex-dividend date of Thursday, December 26. PM has grown its dividend for 17 consecutive years, with an average annual increase of 0.91%. The company currently pays out 85.71% of its earnings and 74.77% of its cash flow as dividends.

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PM Dividend Payments by Quarter

The chart below displays up to four years of Philip Morris International's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

PM Dividend Yield Over Time

The chart below tracks Philip Morris International's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Philip Morris International vs. The Competition

Compare Philip Morris International's annual dividend, yield, and 3-year growth rate with averages for Staples and NYSE companies to evaluate its performance against the market.

TypePhilip Morris InternationalStaples CompaniesNYSE Companies
Annual Dividend$5.40$0.01$1.39
Dividend Yield4.35%2.79%3.63%
Annualized 3-Year Dividend Growth2.74%8.10%15.78%
Track Record17 years35 years24 years

Philip Morris International Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings85.71%
Based on This Year's Estimate82.95%
Based on Next Year's Estimate75.63%
Based on Cashflow74.77%

Philip Morris International Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/12/2024quarterly$1.35 - 4.26%12/26/202412/26/20241/13/2025
9/12/2024quarterly$1.35+$0.05
3.85%
4.31%9/26/20249/26/202410/10/2024
6/7/2024quarterly$1.30 - 4.99%6/21/20246/21/20247/8/2024
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3/7/2024quarterly$1.30 - 5.7%3/20/20243/21/20244/9/2024
12/7/2023quarterly$1.30 - 5.71%12/20/202312/21/20231/10/2024
9/13/2023quarterly$1.30+$0.03
2.36%
5.51%9/26/20239/27/202310/12/2023
6/9/2023quarterly$1.27 - 5.51%6/22/20236/23/20237/11/2023
3/9/2023quarterly$1.27 - 5.09%3/22/20233/23/20234/11/2023

This table shows Philip Morris International's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Philip Morris International Dividend - Frequently Asked Questions

The current dividend yield for Philip Morris International is 4.35%. Learn more on PM's dividend yield history.

The annual dividend for PM shares is $5.40. Learn more on PM's annual dividend history.

Philip Morris International pays quarterly dividends to shareholders.

Philip Morris International's next quarterly dividend payment of $1.35 per share will be made to shareholders on Monday, January 13, 2025.

Philip Morris International's most recent quarterly dividend payment of $1.35 per share was made to shareholders on Thursday, October 10, 2024.

Philip Morris International's next ex-dividend date is Thursday, December 26, 2024.

Philip Morris International's most recent ex-dividend date was Thursday, September 26, 2024.

Over the past three years, the company's dividend has grown by an average of 2.74% per year.

Philip Morris International has increased its dividend for the past 17 consecutive years.

The most recent change in the company's dividend was an increase of $0.05 on Thursday, September 12, 2024.

The dividend payout ratio for PM is:
  • 85.71% based on the trailing year of earnings
  • 82.95% based on this year's estimates
  • 75.63% based on next year's estimates
  • 74.77% based on cash flow

Philip Morris International's dividend yield of 4.42% is higher than the average Consumer Staples company that issues a dividend. The company's 17 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Philip Morris International's dividend payout ratio of 85.71% may not be sustainable.

Looking at the stock as a whole, market analysts rate Philip Morris International stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NYSE:PM) was last updated on 12/22/2024 by MarketBeat.com Staff
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