Friday, September 18, 2015

PM: Dividend increase

Quoted from their investor page:
The Board of Directors of Philip Morris International Inc. (NYSE/Euronext Paris:PM), today increased the company’s regular quarterly dividend by 2% to an annualized rate of $4.08 per share.
The new quarterly dividend of $1.02 per share, up from $1.00 per share, is payable on October 14, 2015, to stockholders of record as of September 30, 2015. The ex-dividend date is September 28, 2015. For more details on stock, dividends and other information, seewww.pmi.com/investors.

I view this as a healthy increase for a time when the foreign exchange rate of the dollar is incredibly bad for US multinationals. I believe their dividends are safe and that it is prudent that PM decided to keep the dividend growth in check until the dollar weakens. 
I am long PM and MO.

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