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Data last updated: Sep 02, 2026
Snapshot (as of Sep 02, 2026): Philip Morris International Inc. (PM) pays a $5.88 annual dividend ($1.47 quarterly), yielding 3.14% at $187.15/share. Next ex-dividend date 2026-06-25. 13 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.14%
Annual Dividend: $5.88 per share
Payout Ratio: 82.8%
Ex-Dividend Date: 2026-06-25
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 19
Philip Morris International Inc. pays a $5.88 annual dividend per share, making the Philip Morris International Inc. dividend a notable income source in the Consumer Defensive sector. The current yield stands at 3.08%, backed by a portfolio that spans traditional cigarettes like Marlboro and Parliament alongside a growing smoke-free lineup including IQOS heat-not-burn devices and TEREA. PM pays quarterly, with the last dividend of $1.47 per share and an upcoming ex-dividend date of June 25, 2026. A beta of 0.405 means PM stock moves far less than the broader market, which suits income-focused investors who prioritize low volatility over capital gains.
Philip Morris International Inc. pays out 82.8% of earnings as dividends, a payout ratio classified as high (above 75%). That level is supported by the company's global reach across both conventional cigarettes and a smoke-free portfolio now available in 71 markets, product categories with recurring consumer demand. Philip Morris International Inc. dividend safety faces pressure from that elevated payout, which leaves limited room to absorb earnings declines without affecting the dividend. The most concrete data-supported risk is that any meaningful drop in earnings would push the payout ratio higher, narrowing the buffer further.
Philip Morris International Inc. dividend history shows a CAGR of 5.1% per year from 2011 to 2025. The per-share dividend grew from $2.82 to $5.64 over that period (2026 data is partial and excluded from this calculation). The largest annual increase in the window was 42.4% in 2013, though the data also contains at least one year-over-year decline exceeding 5%, so growth has not been linear. At 5.1% annually, the pace is moderate: meaningful enough to offset inflation in most years, but not the kind of acceleration that dramatically compounds income over time.
| 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 moderate yield with a long dividend growth streak behind it. The current yield of 3.08% sits above the 5-year average of 2.73%, meaning today's entry point offers more income than the historical norm. The yield classification is moderate (2–4%), which reflects a balance between income and price appreciation potential. Thirteen consecutive years of dividend increases show a commitment to growing the payout, but the 82.8% payout ratio means that commitment comes with limited financial cushion. What an investor gets here is a globally distributed business, a yield above its own historical average, and slow but unbroken dividend growth. The trade-off is a payout ratio that leaves little margin for error.
| 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 |
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