Philip Morris International: shares up after dividend hike
(CercleFinance.com) - Philip Morris International increased its quarterly dividend by 6.
5% on Friday, as it cited confidence in its growth outlook, and in the potential of smoke-free products.
Investors aplauded the news, sending PMI shares up 2.7% to 79.2 dollars on the New York Stock Exchange after the announcement.
The new quarterly dividend of 1.14 dollar per share, up from 1.07 dollar per share, will be payable on 11 July, to shareholders on record as of 22 June, the group said.
This is the eleventh consecutive year in which PMI has increased its dividend, representing a total increase of 148%, or a compound annual growth rate of 9.5%, since PMI became a public company in 2008.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5% on Friday, as it cited confidence in its growth outlook, and in the potential of smoke-free products.
Investors aplauded the news, sending PMI shares up 2.7% to 79.2 dollars on the New York Stock Exchange after the announcement.
The new quarterly dividend of 1.14 dollar per share, up from 1.07 dollar per share, will be payable on 11 July, to shareholders on record as of 22 June, the group said.
This is the eleventh consecutive year in which PMI has increased its dividend, representing a total increase of 148%, or a compound annual growth rate of 9.5%, since PMI became a public company in 2008.
Copyright (c) 2018 CercleFinance.com. All rights reserved.