On September 18, 2026, Philip Morris International Inc. (NYSE: PM) announced that its Board of Directors has approved a regular quarterly dividend of $1.60 per share. This represents an increase of 8.8% over the previous dividend rate of $1.47 per share.
The new dividend is payable on October 26, 2026, to shareholders of record as of October 2, 2026. The ex-dividend date is also set for October 2, 2026.
According to the company, this marks the 18th consecutive year that Philip Morris International has increased its annual dividend since becoming a public company in 2008. The company states that this represents a total increase of 248% over that period, with a compound annual growth rate of 7.2%.
The press release accompanying the filing notes that the company has invested over $16 billion to develop smoke-free products, which accounted for approximately 42% of PMI’s second-quarter 2026 total net revenues. The company estimates that its smoke-free products were used by over 43 million legal-age consumers as of December 31, 2025.
