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

by · The Markets Daily

Philip Morris International Inc. (NYSE:PM – Get Free Report) announced a quarterly dividend on Friday, December 12th. Investors of record on Friday, December 26th will be given a dividend of 1.47 per share on Wednesday, January 14th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, December 26th.

Philip Morris International has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 17 years. Philip Morris International has a payout ratio of 71.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

PM traded up $2.54 during trading on Friday, hitting $153.49. 3,365,807 shares of the stock traded hands, compared to its average volume of 6,129,952. The firm has a market capitalization of $238.93 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 1.78 and a beta of 0.42. Philip Morris International has a 12-month low of $116.12 and a 12-month high of $186.69. The firm has a 50-day moving average of $153.61 and a 200 day moving average of $165.53.

Philip Morris International (NYSE:PM – Get Free Report) last released its quarterly 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 business had revenue of $8.12 billion during the quarter. As a group, equities analysts predict that Philip Morris International will post 7.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PM. PFS Partners LLC grew its stake in shares of Philip Morris International by 24.8% during the 2nd quarter. PFS Partners LLC now owns 292 shares of the company’s stock valued at $53,000 after purchasing an additional 58 shares during the period. Uncommon Cents Investing LLC boosted its holdings in shares of Philip Morris International by 1.1% in the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock worth $1,032,000 after buying an additional 61 shares during the last quarter. Second Line Capital LLC grew its position in Philip Morris International by 4.8% during the second quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock valued at $245,000 after buying an additional 61 shares during the period. NFP Retirement Inc. increased its holdings in Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock valued at $411,000 after buying an additional 62 shares during the last quarter. Finally, Cranbrook Wealth Management LLC raised its position in Philip Morris International by 6.5% in the second quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company’s stock worth $185,000 after acquiring an additional 62 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Company Profile

(Get Free Report)

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

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