The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Jul 06, 2026
Snapshot (as of Jul 06, 2026): Philip Morris International Inc. (PM) pays a $5.88 annual dividend ($1.47 quarterly), yielding 3.23% at $182.27/share. Next ex-dividend date 2026-06-25. 13 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.23%
Annual Dividend: $5.88 per share
Payout Ratio: 79.4%
Ex-Dividend Date: 2026-06-25
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 19
Philip Morris International Inc. sells cigarettes and smoke-free alternatives in markets worldwide, excluding the United States, and currently offers a Philip Morris International Inc. dividend yield of 3.23%. Brands like Marlboro, Parliament, and IQOS heat-not-burn products anchor a portfolio now available across 71 global markets. PM pays dividends quarterly, with a trailing annual rate of $5.88 per share and an upcoming ex-dividend date of June 25, 2026. A beta of 0.405 points to low price volatility, which suits income-focused investors who prioritize steady payouts over share price swings.
Philip Morris International Inc. pays out 79.4% of earnings as dividends, a payout ratio classified as high (above 75%). That level is sustained by demand for both conventional cigarettes and a growing smoke-free portfolio spanning heat-not-burn devices, vapor products, and oral nicotine solutions across dozens of markets. Philip Morris International Inc. dividend safety faces its clearest pressure from that same payout ratio: there is limited room to absorb an earnings decline before the dividend would require reassessment. Regulatory tightening or a faster-than-expected shift away from tobacco in key markets represents the data-supported risk that could squeeze that margin further.
Philip Morris International Inc. dividend history shows a CAGR of 5.1% per year from 2011 to 2025. The per-share payment grew from $2.82 to $5.64 over that window (2026 data is partial and excluded from this calculation). Annual increases have been modest in recent years, with the smallest step in the window coming in 2016, when the dividend rose from $4.12 to $4.12, while the largest single-year jump was 42.4% in 2013. The data also contains at least one year-over-year decline exceeding 5%, so the growth path has not been perfectly linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +3.8% | $5.04 (2022) | $5.64 (2025) |
| 5-Year | +3.5% | $4.74 (2020) | $5.64 (2025) |
| 10-Year | +3.4% | $4.04 (2015) | $5.64 (2025) |
Philip Morris International Inc. fits income-focused investors who want a meaningful yield from a business with global reach and 13 consecutive years of dividend increases. The current yield of 3.23% sits in the moderate (2-4%) range and runs above the 5-year average of 2.86%, which means buyers today are locking in a yield that is above recent norms for PM stock. The trade-off is a payout ratio of 79.4%, which leaves little buffer if earnings come under pressure. Growth at 5.1% per year is real but not fast. What this stock offers is income at a yield above its own historical average, paired with slow, unbroken growth and low price volatility.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-25 | $1.4700 |
| 2026-03-19 | $1.4700 |
| 2025-12-26 | $1.4700 |
| 2025-10-03 | $1.4700 |
| 2025-06-27 | $1.3500 |
| 2025-03-20 | $1.3500 |
| 2024-12-26 | $1.3500 |
| 2024-09-26 | $1.3500 |
| 2024-06-21 | $1.3000 |
| 2024-03-20 | $1.3000 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.9400 |
| 2025 | $5.6400 |
| 2024 | $5.3000 |
| 2023 | $5.1400 |
| 2022 | $5.0400 |
Project income from PM with the PM dividend calculator or track your full portfolio with the dividend tracker.