The 8.8% dividend increase signals management confidence in cash flow generation and commitment to returning capital to shareholders. Monitor next quarterly earnings for revenue and smoke-free product growth trends to assess sustainability of dividend growth trajectory.
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Executive Summary
Philip Morris International Inc. announced an 8.8% increase in its regular quarterly dividend to $1.60 per share, raising the annualized rate to $6.40. This marks the company's 19th consecutive annual dividend increase since becoming a public company in 2008, representing a total increase of 248% (7.2% CAGR). The dividend is payable on October 26, 2026 to shareholders of record as of October 2, 2026.
Key Facts
- Quarterly dividend increased 8.8% to $1.60 per share from $1.47 per share
- Annualized dividend rate now $6.40 per share
- Payable on October 26, 2026 to shareholders of record as of October 2, 2026
- Ex-dividend date is October 2, 2026
- 19th consecutive annual dividend increase since 2008, total increase of 248% (7.2% CAGR)
Financial Impact
Quarterly dividend increased by $0.13 per share, representing an 8.8% increase to an annualized rate of $6.40 per share
Risk Factors
- Dividend growth may slow if smoke-free product transition underperforms or regulatory headwinds intensify
- Currency fluctuations and excise tax increases in key markets could pressure earnings and free cash flow
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-062621 |
| Document: september2026dividend.htm | 0001628280-26-062621 |
| Document: 0001628280-26-062621-index-headers.html | 0001628280-26-062621 |
| Document: 0001628280-26-062621-index.html | 0001628280-26-062621 |
| Document: 0001628280-26-062621.txt | 0001628280-26-062621 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $197.46 | awaiting T+5 | — | $201.87 (+2.23%) |
Sep 18, 2026 5w ago | 8-K | $188.62 $190.48 | ▲ +0.99% | ▼ −0.28% | $201.87 (+7.02%) |
Sep 8, 2026 6w ago | 8-K | $184.73 $194.86 | ▲ +5.48% | ▲ +6.15% | $201.87 (+9.28%) |
Aug 24, 2026 9w ago | 8-K | $191.46 $187.30 | ▼ −2.17% | ▼ −2.64% | $201.87 (+5.44%) |
Aug 3, 2026 12w ago | 25-NSE | $187.41 $186.00 | ▼ −0.75% | ▼ −2.78% | $201.87 (+7.72%) |
Jul 22, 2026 13w ago | 8-K | $194.30 $198.44 | ▲ +2.13% | ▲ +4.53% | $201.87 (+3.90%) |
Jun 29, 2026 17w ago | 8-K | $180.91 $184.76 | ▲ +2.13% | ▲ +1.52% | $201.87 (+11.59%) |
Jun 11, 2026 19w ago | 8-K | $180.77 $179.44 | ▼ −0.74% | ▼ −1.17% | $201.87 (+11.67%) |
May 20, 2026 22w ago | 8-K | $187.72 $178.51 | ▼ −4.91% | ▼ −6.71% | $201.87 (+7.54%) |
May 6, 2026 24w ago | 8-K | $170.38 $186.93 | ▲ +9.72% | ▲ +8.58% | $201.87 (+18.48%) |
US Market Status
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