Philip Morris International Inc. (PM) To Go Ex-Dividend on December 26th

Philip Morris International Inc. (NYSE:PM) announced a quarterly dividend on Friday, December 12th. Shareholders of record on Friday, December 26th will be paid a dividend of 1.47 per share on Wednesday, January 14th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, December 26th.

Philip Morris International has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 17 consecutive years. Philip Morris International has a dividend payout ratio of 71.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Philip Morris International to earn $7.90 per share next year, which means the company should continue to be able to cover its $5.88 annual dividend with an expected future payout ratio of 74.4%.

Philip Morris International Stock Performance

NYSE PM opened at $162.14 on Wednesday. Philip Morris International has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The firm has a market capitalization of $252.39 billion, a P/E ratio of 29.37, a PEG ratio of 1.91 and a beta of 0.42. The stock has a 50-day simple moving average of $153.85 and a two-hundred day simple moving average of $164.06.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The firm had revenue of $8.12 billion for the quarter. As a group, analysts forecast that Philip Morris International will post 7.14 earnings per share for the current year.

Institutional Investors Weigh In On Philip Morris International

Several large investors have recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Philip Morris International during the second quarter worth approximately $25,000. Traub Capital Management LLC acquired a new stake in Philip Morris International during the 2nd quarter worth $25,000. Marquette Asset Management LLC grew its holdings in shares of Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Dogwood Wealth Management LLC raised its position in shares of Philip Morris International by 96.5% in the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares during the last quarter. Finally, Abound Wealth Management lifted its stake in shares of Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after buying an additional 136 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.