Philip Morris International Inc. has declared a regular quarterly dividend of $1.35 per common share, payable on April 10, 2025, to shareholders of record as of March 20, 2025. The ex-dividend date is also March 20, 2025.
The company has been actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. Philip Morris International has invested over $14 billion since 2008 to develop, scientifically substantiate, and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes.
In 2022, Philip Morris International acquired Swedish Match, a leader in oral nicotine delivery, creating a global smoke-free champion led by the companies’ IQOS and Zyn brands. As of December 31, 2024, the company's smoke-free products were available for sale in 95 markets, and an estimated 38.6 million adults around the world use Philip Morris International's smoke-free products. The smoke-free business accounted for approximately 39% of the company’s total full-year 2024 net revenues.
The press release did not provide specific comparative metrics from the previous period. Following these announcements, the company's shares moved 0.3%, and are now trading at a price of $153.61. For more information, read the company's full 8-K submission here.
