PM Philip Morris International Inc. — dividend yield, history & ex-dividend dates
Philip Morris International Inc. functions as a prominent tobacco enterprise, actively working toward a smoke-free future. The company is strategically diversifying its long-term product range to incorporate items beyond traditional tobacco and nicotine. Its primary business involves both conventional cigarettes and an expanding array of smoke-free alternatives, such as innovative heat-not-burn devices, vapor products, and oral nicotine solutions. These offerings are distributed in markets worldwide, with the exception of the United States. The smoke-free portfolio includes brands like HEETS (encompassing Creations, Dimensions, Marlboro variants), Parliament HeatSticks, and TEREA, in addition to KT&G-licensed brands Fiit and Miix. For conventional cigarettes, the company sells internationally recognized brands such as Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. Regionally, it also owns major cigarette brands like Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. PMI's smoke-free innovations are currently available across 71 global markets. Established in 1987, Philip Morris International Inc. is headquartered in New York, New York.
Dividend Snapshot
Research Scores
Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.
How the Dividend Safety Score is built for PM
| Input | Value | Points | Weight |
|---|---|---|---|
| Earnings payout ratio | Earnings payout ratio 86% (TTM to Sep 30, 2026) | 41 | 20% |
| FCF payout ratio | FCF payout ratio 68% (TTM to Sep 30, 2026) | 78 | 25% |
| Net debt / EBITDA | Net debt / EBITDA 2.0x (TTM to Sep 30, 2026) | 84 | 15% |
| Interest coverage | Interest coverage 12.2x (TTM to Sep 30, 2026) | 94 | 10% |
| Dividend record | 18 years of uninterrupted regular payments | 81 | 20% |
| Earnings stability | Net income positive in 5 of the last 5 fiscal years (FY2021–FY2025) | 100 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
How the Dividend Growth Score is built for PM
| Input | Value | Points | Weight |
|---|---|---|---|
| 5-year dividend growth | 5-year dividend CAGR 3.5% (2020–2025) | 60 | 25% |
| Consecutive annual increases | 16 consecutive annual increases (through 2025) | 88 | 20% |
| Payout headroom | Headroom from the earnings payout ratio 86% (TTM to Sep 30, 2026) | 25 | 20% |
| Earnings per share growth (3 years) | EPS CAGR 7.7% (FY2022–FY2025) | 88 | 15% |
| Revenue growth (3 years) | Revenue CAGR 8.6% (FY2022–FY2025) | 100 | 10% |
| 10-year dividend growth | 10-year dividend CAGR 3.4% (2015–2025) | 59 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
How the Dividend Value Score is built for PM
| Input | Value | Points | Weight |
|---|---|---|---|
| Yield vs own history | Current yield at the 2nd percentile of its 120 month-end yields | 2 | 40% |
| P/E vs own 5-year median | P/E 29.2 is 1.56x its 5-year median of 18.7 | 0 | 25% |
| FCF yield | FCF yield 4.3% (TTM to Sep 30, 2026) | 59 | 20% |
| P/E vs peers | P/E 29.2 vs peer median 23.2 (1.26x; 55 corporation / Consumer Defensive securities) | 24 | 15% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
Key Metrics
Current Yield
3.16%
At the Oct 29, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Dividend
$6.4000
Declared Sep 18, 2026
The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.Frequency
Q Quarterly
How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.RSI (14)
58
As of Oct 29, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$144.33 – $205.58
Closes through Oct 23, 2026
The lowest and highest price over the past year, showing where today's price sits in its recent range.Payout Ratio (TTM)
85.89%
12 months to Sep 30, 2026 (Q3 FY2026)
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
18
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book (TTM)
-39.28
Price as of Oct 25, 2026; latest reported book value
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Dividend Growth
How often a record like this ends in a cut
PM has raised its annual dividend in 16 separate years since June 2008, which ranks 678 among the 2,430 payers with a comparable record in our dataset. No year in that span saw the annual total fall by more than a fifth.
Of the 878 companies we track with 10 to 24 years of increases, 661 — 75 per cent — also have at least one year in which the dividend fell by more than 20 per cent. Across every company with twenty years of comparable history, only 277 of 1078 (26 per cent) have never cut. A long record of increases is common; a record with no cut anywhere in it is not.
Measured from annual totals using split-adjusted amounts, comparing only consecutive years with the same number of payments — a stock split and a payment shifting across a year boundary both look like cuts otherwise. The current year is excluded as incomplete. How we measure a cut, and what the corrections change. Figures are for information only, not a view on any security.
Why the Yield Moved (90 Days)
PM's dividend yield rose from 3.08% to 3.16% over the past ~90 days (+0.08 pp). Of that move, +0.26 pp came from changes in the dividend rate and -0.18 pp from the share price ($190.82 on Jul 31, 2026 → $202.64 on Oct 29, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 273 daily observations over the past 13 months (through Oct 23, 2026), PM's current yield is higher than approximately 22% of them. Our stored price history for PM covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Dividend History
Dividend Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $1.6000 Q | Regular | Sep 18, 2026 | Oct 02, 2026 | Oct 02, 2026 | Oct 26, 2026 |
| $1.4700 Q | Regular | Jun 11, 2026 | Jun 25, 2026 | Jun 25, 2026 | Jul 20, 2026 |
| $1.4700 Q | Regular | Mar 05, 2026 | Mar 19, 2026 | Mar 19, 2026 | Apr 13, 2026 |
| $1.4700 I | Regular | Dec 12, 2025 | Dec 26, 2025 | Dec 26, 2025 | Jan 14, 2026 |
| $1.4700 Q | Regular | Sep 19, 2025 | Oct 03, 2025 | Oct 03, 2025 | Oct 20, 2025 |
| $1.3500 Q | Regular | Jun 13, 2025 | Jun 27, 2025 | Jun 27, 2025 | Jul 15, 2025 |
| $1.3500 Q | Regular | Mar 06, 2025 | Mar 20, 2025 | Mar 20, 2025 | Apr 10, 2025 |
| $1.3500 Q | Regular | Dec 12, 2024 | Dec 26, 2024 | Dec 26, 2024 | Jan 13, 2025 |
| $1.3500 Q | Regular | Sep 12, 2024 | Sep 26, 2024 | Sep 26, 2024 | Oct 10, 2024 |
| $1.3000 Q | Regular | Jun 07, 2024 | Jun 21, 2024 | Jun 21, 2024 | Jul 08, 2024 |
| $1.3000 Q | Regular | Mar 07, 2024 | Mar 20, 2024 | Mar 21, 2024 | Apr 09, 2024 |
| $1.3000 Q | Regular | Dec 07, 2023 | Dec 20, 2023 | Dec 21, 2023 | Jan 10, 2024 |
| $1.3000 Q | Regular | Sep 13, 2023 | Sep 26, 2023 | Sep 27, 2023 | Oct 12, 2023 |
| $1.2700 Q | Regular | Jun 09, 2023 | Jun 22, 2023 | Jun 23, 2023 | Jul 11, 2023 |
| $1.2700 Q | Regular | Mar 09, 2023 | Mar 22, 2023 | Mar 23, 2023 | Apr 11, 2023 |
| $1.2700 Q | Regular | Dec 08, 2022 | Dec 21, 2022 | Dec 22, 2022 | Jan 11, 2023 |
| $1.2700 Q | Regular | Sep 14, 2022 | Sep 27, 2022 | Sep 28, 2022 | Oct 12, 2022 |
| $1.2500 Q | Regular | Jun 17, 2022 | Jun 30, 2022 | Jul 01, 2022 | Jul 15, 2022 |
| $1.2500 Q | Regular | Mar 10, 2022 | Mar 23, 2022 | Mar 24, 2022 | Apr 12, 2022 |
| $1.2500 Q | Regular | Dec 09, 2021 | Dec 22, 2021 | Dec 23, 2021 | Jan 10, 2022 |
| $1.2500 Q | Regular | Sep 15, 2021 | Sep 28, 2021 | Sep 29, 2021 | Oct 14, 2021 |
| $1.2000 Q | Regular | Jun 11, 2021 | Jun 24, 2021 | Jun 25, 2021 | Jul 12, 2021 |
| $1.2000 Q | Regular | Mar 04, 2021 | Mar 19, 2021 | Mar 22, 2021 | Apr 09, 2021 |
| $1.2000 Q | Regular | Dec 10, 2020 | Dec 22, 2020 | Dec 23, 2020 | Jan 11, 2021 |
| $1.2000 Q | Regular | Sep 09, 2020 | Sep 23, 2020 | Sep 24, 2020 | Oct 13, 2020 |
| $1.1700 Q | Regular | Jun 05, 2020 | Jun 19, 2020 | Jun 22, 2020 | Jul 10, 2020 |
| $1.1700 Q | Regular | Mar 05, 2020 | Mar 20, 2020 | Mar 23, 2020 | Apr 09, 2020 |
| $1.1700 Q | Regular | Dec 05, 2019 | Dec 18, 2019 | Dec 19, 2019 | Jan 10, 2020 |
| $1.1700 Q | Regular | Sep 11, 2019 | Sep 24, 2019 | Sep 25, 2019 | Oct 11, 2019 |
| $1.1400 Q | Regular | Jun 07, 2019 | Jun 20, 2019 | Jun 21, 2019 | Jul 10, 2019 |
| $1.1400 Q | Regular | Mar 07, 2019 | Mar 25, 2019 | Mar 26, 2019 | Apr 11, 2019 |
| $1.1400 Q | Regular | Dec 06, 2018 | Dec 19, 2018 | Dec 20, 2018 | Jan 11, 2019 |
| $1.1400 Q | Regular | Sep 12, 2018 | Sep 25, 2018 | Sep 26, 2018 | Oct 12, 2018 |
| $1.1400 Q | Regular | Jun 08, 2018 | Jun 21, 2018 | Jun 22, 2018 | Jul 11, 2018 |
| $1.0700 Q | Regular | Mar 08, 2018 | Mar 21, 2018 | Mar 22, 2018 | Apr 11, 2018 |
| $1.0700 Q | Regular | Dec 07, 2017 | Dec 20, 2017 | Dec 21, 2017 | Jan 11, 2018 |
| $1.0700 Q | Regular | Sep 13, 2017 | Sep 26, 2017 | Sep 27, 2017 | Oct 12, 2017 |
| $1.0400 Q | Regular | Jun 09, 2017 | Jun 21, 2017 | Jun 23, 2017 | Jul 11, 2017 |
| $1.0400 Q | Regular | Mar 09, 2017 | Mar 21, 2017 | Mar 23, 2017 | Apr 11, 2017 |
| $1.0400 Q | Regular | Dec 07, 2016 | Dec 20, 2016 | Dec 22, 2016 | Jan 10, 2017 |
| $1.0400 Q | Regular | Sep 14, 2016 | Sep 26, 2016 | Sep 28, 2016 | Oct 13, 2016 |
| $1.0200 Q | Regular | Jun 09, 2016 | Jun 21, 2016 | Jun 23, 2016 | Jul 11, 2016 |
| $1.0200 Q | Regular | Mar 10, 2016 | Mar 22, 2016 | Mar 25, 2016 | Apr 11, 2016 |
| $1.0200 Q | Regular | Dec 09, 2015 | Dec 21, 2015 | Dec 23, 2015 | Jan 08, 2016 |
| $1.0200 Q | Regular | Sep 16, 2015 | Sep 28, 2015 | Sep 30, 2015 | Oct 14, 2015 |
| $1.0000 Q | Regular | Jun 11, 2015 | Jun 23, 2015 | Jun 25, 2015 | Jul 10, 2015 |
| $1.0000 Q | Regular | Mar 11, 2015 | Mar 24, 2015 | Mar 26, 2015 | Apr 10, 2015 |
| $1.0000 M | Regular | Dec 10, 2014 | Dec 22, 2014 | Dec 24, 2014 | Jan 09, 2015 |
| $1.0000 Q | Regular | Sep 10, 2014 | Sep 23, 2014 | Sep 25, 2014 | Oct 10, 2014 |
| $0.9400 Q | Regular | Jun 11, 2014 | Jun 24, 2014 | Jun 26, 2014 | Jul 11, 2014 |
| $0.9400 Q | Regular | Mar 12, 2014 | Mar 25, 2014 | Mar 27, 2014 | Apr 11, 2014 |
| $0.9400 Q | Regular | Dec 11, 2013 | Dec 23, 2013 | Dec 26, 2013 | Jan 10, 2014 |
| $0.9400 Q | Regular | Sep 11, 2013 | Sep 24, 2013 | Sep 26, 2013 | Oct 11, 2013 |
| $0.8500 Q | Regular | Jun 12, 2013 | Jun 25, 2013 | Jun 27, 2013 | Jul 12, 2013 |
| $0.8500 Q | Regular | Mar 13, 2013 | Mar 26, 2013 | Mar 28, 2013 | Apr 12, 2013 |
| $0.0390 Q | Regular | Dec 12, 2012 | Dec 20, 2012 | Dec 27, 2012 | Jan 11, 2013 |
| $0.8500 Q | Regular | Sep 12, 2012 | Sep 25, 2012 | Sep 27, 2012 | Oct 11, 2012 |
| $0.7700 Q | Regular | Jun 13, 2012 | Jun 25, 2012 | Jun 27, 2012 | Jul 12, 2012 |
| $0.7700 Q | Regular | Mar 15, 2012 | Mar 27, 2012 | Mar 29, 2012 | Apr 12, 2012 |
| $0.7700 Q | Regular | Dec 08, 2011 | Dec 20, 2011 | Dec 22, 2011 | Jan 10, 2012 |
| $0.7700 Q | Regular | Sep 15, 2011 | Sep 23, 2011 | Sep 27, 2011 | Oct 11, 2011 |
| $0.6400 Q | Regular | Jun 09, 2011 | Jun 21, 2011 | Jun 23, 2011 | Jul 11, 2011 |
| $0.6400 Q | Regular | Mar 10, 2011 | Mar 22, 2011 | Mar 24, 2011 | Apr 11, 2011 |
| $0.6400 Q | Regular | Dec 09, 2010 | Dec 21, 2010 | Dec 23, 2010 | Jan 10, 2011 |
| $0.6400 Q | Regular | Sep 13, 2010 | Sep 22, 2010 | Sep 24, 2010 | Oct 08, 2010 |
| $0.5800 Q | Regular | Jun 10, 2010 | Jun 22, 2010 | Jun 24, 2010 | Jul 09, 2010 |
| $0.5800 Q | Regular | Mar 12, 2010 | Mar 23, 2010 | Mar 25, 2010 | Apr 09, 2010 |
| $0.5800 Q | Regular | Dec 10, 2009 | Dec 23, 2009 | Dec 28, 2009 | Jan 11, 2010 |
| $0.5800 Q | Regular | Sep 16, 2009 | Sep 24, 2009 | Sep 28, 2009 | Oct 09, 2009 |
| $0.5400 Q | Regular | Jun 11, 2009 | Jun 22, 2009 | Jun 24, 2009 | Jul 10, 2009 |
| $0.5400 Q | Regular | Mar 12, 2009 | Mar 23, 2009 | Mar 25, 2009 | Apr 09, 2009 |
| $0.5400 Q | Regular | Dec 16, 2008 | Dec 23, 2008 | Dec 26, 2008 | Jan 09, 2009 |
| $0.5400 Q | Regular | Aug 29, 2008 | Sep 11, 2008 | Sep 15, 2008 | Oct 10, 2008 |
| $0.4600 Q | Regular | May 07, 2008 | Jun 26, 2008 | Jun 30, 2008 | Jul 10, 2008 |
Peer Comparison
Selected Tobacco dividend payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| TPB | Turning Point Brands, Inc. | 0.48% | 8.4% | 7 yrs | 74 |
| MO | Altria Group, Inc. | 6.08% | 4.1% | 16 yrs | 64 |
| IMBBF | Imperial Brands PLC | 5.92% | 1.8% | 3 yrs | 64 |
| GDNGY | PT Gudang Garam Tbk | 5.00% | N/A | N/A | 62 |
Related Guides & Lists
PM dividend — frequently asked questions
Does Philip Morris International Inc. pay a dividend?
Yes. Philip Morris International Inc. (PM) currently pays a dividend. The annualized dividend is about $6.40 per share, a yield of approximately 3.16%.
What is Philip Morris International Inc.'s dividend yield?
Philip Morris International Inc.'s dividend yield is approximately 3.16%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does Philip Morris International Inc. pay dividends?
Philip Morris International Inc. pays dividends quarterly — 4 times per year.
How long has Philip Morris International Inc. paid dividends?
Philip Morris International Inc. has 18 years of dividend payments on record, and has increased its dividend for 16 consecutive years.
Data updated Oct 29, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.