The Board of Directors of Philip Morris International Inc. PM earlier today increased the company's regular quarterly dividend by 20.3%, to an annualized rate of $3.08 per common share.
The new quarterly dividend of $0.77 per common share, up from $0.64 per common share, is payable on October 11, 2011, to stockholders of record as of September 27, 2011. The ex-dividend date is September 23, 2011.
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