Philip Morris Has Increased Its Regular Quarterly Dividend By 3.8% To An Annualized Rate Of $5.40 Per Share. New Quarterly Dividend Of $1.35 Per Share, Up From $1.30 Per Share, Is Payable On October 10, With A Record Date Of September 26
Portfolio Pulse from Benzinga Newsdesk
Philip Morris has announced a 3.8% increase in its regular quarterly dividend, raising it to $1.35 per share, or an annualized rate of $5.40. The dividend is payable on October 10, with a record date of September 26.
September 12, 2024 | 11:20 am
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Philip Morris has increased its quarterly dividend by 3.8% to $1.35 per share, indicating a strong financial position and commitment to returning value to shareholders.
The increase in dividend suggests that Philip Morris is in a strong financial position and is committed to returning value to its shareholders. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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