Philip Morris International Inc. Declares Quarterly Dividend of $1.17 (NYSE:PM)

Philip Morris International Inc. (NYSE:PM) announced a quarterly dividend on Thursday, December 5th, RTT News reports. Shareholders of record on Thursday, December 19th will be given a dividend of 1.17 per share on Friday, January 10th. This represents a $4.68 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Wednesday, December 18th.

Shares of Philip Morris International stock traded up $1.13 during trading hours on Friday, hitting $83.51. The company’s stock had a trading volume of 110,189 shares, compared to its average volume of 5,747,658. Philip Morris International has a twelve month low of $64.67 and a twelve month high of $92.74. The firm has a fifty day moving average of $82.59 and a 200-day moving average of $80.14. The stock has a market cap of $129.03 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 2.02 and a beta of 1.01.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. The firm had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period last year, the company earned $1.44 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts predict that Philip Morris International will post 5.22 earnings per share for the current year.

Several equities analysts have recently commented on PM shares. Credit Suisse Group set a $80.00 price objective on shares of Philip Morris International and gave the stock a “sell” rating in a report on Wednesday, August 28th. Wells Fargo & Co cut their target price on Philip Morris International from $102.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Citigroup cut Philip Morris International from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Monday. Stifel Nicolaus restated a “buy” rating on shares of Philip Morris International in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. set a $86.00 price target on Philip Morris International and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Hold” and an average target price of $92.27.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Dividend History for Philip Morris International (NYSE:PM)

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