By the close of today, July 11, 2023, Philip Morris Intl PM will issue a dividend payout of $1.27 per share, resulting in an annualized dividend yield of 5.51%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on June 22, 2023.
Philip Morris Intl Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-06-22 | 4 | $1.27 | 5.51% | 2023-06-09 | 2023-06-23 | 2023-07-11 |
| 2023-03-22 | 4 | $1.27 | 5.09% | 2023-03-09 | 2023-03-23 | 2023-04-11 |
| 2022-12-21 | 4 | $1.27 | 4.99% | 2022-12-08 | 2022-12-22 | 2023-01-11 |
| 2022-09-27 | 4 | $1.27 | 5.4% | 2022-09-14 | 2022-09-28 | 2022-10-12 |
| 2022-06-30 | 4 | $1.25 | 5.09% | 2022-06-17 | 2022-07-01 | 2022-07-15 |
| 2022-03-23 | 4 | $1.25 | 5.33% | 2022-03-10 | 2022-03-24 | 2022-04-12 |
| 2021-12-22 | 4 | $1.25 | 5.56% | 2021-12-09 | 2021-12-23 | 2022-01-10 |
| 2021-09-28 | 4 | $1.25 | 4.9% | 2021-09-15 | 2021-09-29 | 2021-10-14 |
| 2021-06-24 | 4 | $1.2 | 4.92% | 2021-06-11 | 2021-06-25 | 2021-07-12 |
| 2021-03-19 | 4 | $1.2 | 5.64% | 2021-03-04 | 2021-03-22 | 2021-04-09 |
| 2020-12-22 | 4 | $1.2 | 5.67% | 2020-12-10 | 2020-12-23 | 2021-01-11 |
| 2020-09-23 | 4 | $1.2 | 6.07% | 2020-09-09 | 2020-09-24 | 2020-10-13 |
When comparing Philip Morris Intl's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer British American Tobacco BTI having the highest annualized dividend yield at 8.54%.
Analyzing Philip Morris Intl Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $4.62 in 2019 to $5.04 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Philip Morris Intl
The earnings chart above shows that from 2019 to 2022, Philip Morris Intl has experienced an increase in their earnings from $5.23 per share to $5.92 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article delves into the recent dividend payout of Philip Morris Intl and its implications for shareholders. Presently, the company is distributing a dividend of $1.27 per share, leading to an annualized dividend yield of 5.51%.
When comparing Philip Morris Intl's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer British American Tobacco having the highest annualized dividend yield at 8.54%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Philip Morris Intl appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
