PM
Dividend flex, not just smoke
Philip Morris International just gave income investors a little more reason to smile. The company raised its regular quarterly dividend 8.8% to $1.60 per share, which works out to an annualized rate of $6.40.
Why you should care
If you own PM for the yield, this is the part where you perk up. A bigger dividend can make the stock more attractive to income seekers and signals management still feels good about cash flow durability.
The calendar bit
The new payout is payable on October 26, 2026 to shareholders of record as of October 2, 2026, and the stock goes ex-dividend on October 2, 2026.
Big picture: this is classic PM behavior — not flashy, but very shareholder-friendly. Sometimes the market’s favorite kind of news is the boring kind that puts cash back in your pocket.