On Frisday,
September 19th, Philip Morris International Inc. (PM) announced
that its Board of Directors approved a quarterly dividend increase
from $1.35 to $1.47 per share. The dividend is payable on October 20,
2025, to shareholders of record as of October 3, 2025. This
represents a 8.89% increase over the last quarterly dividend.
PM has increased its annual dividend
every year since becoming a public company in 2008, representing a
total increase of 219.6%, or a compound annual growth rate of 7.1%.
At the current price of $161.98 (yesterday’s close), this increase will raise PM’s dividend yield to
3.63%.
Philip Morris International Inc. is a
Dividend Contenders with a 17 year streak of dividend increases.
Dividend growth rates for 1, 3, 5 and 10 years are 2.7, 2.7, 2.7 and
3.1 (Dividend
Champions.xls)
As an owner of 85 shares of PM, the
recent dividend increase adds $30.40 to my projected annual net
dividend income.
I had anticipated an increase of around
4%, so this announcement came as a very pleasant surprise—one that
I welcome with great satisfaction.
This marks the twelfth dividend
increase I have received from Philip Morris since establishing my
position in January 2014. During this time, the company’s quarterly
dividend has steadily risen from $0.94 to $1.47 per share,
representing a cumulative increase of 56.4%.
As of this writing, PM represents
approximately 1.61% of my portfolio by weight and contributes around
1.39% to my projected annual dividend income.
Following this increase, my yield on
cost is 7.02%.
Summary of 2025 Dividend Increases /
Cuts
Click here
to see my portfolio holdings.
You can follow the development of my
dividends here.
Full Disclosure: Long PM
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