Philip Morris International Inc. (NYSE:PM) to Issue $1.47 Quarterly Dividend

Philip Morris International Inc. (NYSE:PM) declared a quarterly dividend on Thursday, June 11th. Investors of record on Thursday, June 25th will be given a dividend of 1.47 per share on Monday, July 20th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, June 25th.

Philip Morris International has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 17 consecutive years. Philip Morris International has a payout ratio of 71.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Philip Morris International to earn $9.23 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 63.7%.

Philip Morris International Trading Down 1.1%

NYSE:PM traded down $2.01 during midday trading on Thursday, reaching $180.94. The company had a trading volume of 5,530,142 shares, compared to its average volume of 5,081,628. The firm has a market capitalization of $282.00 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 2.06 and a beta of 0.38. The stock’s fifty day simple moving average is $171.77 and its 200-day simple moving average is $169.52. Philip Morris International has a 12-month low of $142.11 and a 12-month high of $193.05.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.Philip Morris International’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $1.69 earnings per share. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts expect that Philip Morris International will post 8.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PM shares. Stifel Nicolaus decreased their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a report on Monday, February 23rd. Finally, Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.88.

Philip Morris International Company Profile

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.