Philip Morris International (PM) Declares Quarterly Dividend of $1.47 per Share

With a net profit margin of 27.94%, Philip Morris International Inc. (NYSE:PM) is included among the 12 Most Profitable American Stocks to Buy in 2026.

Philip Morris International (PM) Declares Quarterly Dividend of $1.47 per Share

Philip Morris International Inc. (NYSE:PM) operates as a global tobacco company. Its products include cigarettes and smoke-free alternatives. Its smoke-free business also covers wellness and healthcare products, along with consumer accessories such as lighters and matches.

On June 11, Philip Morris International Inc. (NYSE:PM) declared a quarterly dividend of $1.47 per share. The dividend is payable on July 20 to shareholders as of the June 25 record. The company has grown its annual payout every year since becoming a public company in 2008, representing a total increase of 219.6%, or a compound annual growth rate of 7.1%. PM currently boasts an impressive annual dividend yield of 3.23%, putting it among the 12 Best Dividend Stocks to Invest In According to Hedge Funds.

With smoking rates down every year, Philip Morris International Inc. (NYSE:PM) is rapidly transforming itself from a legacy cigarette company to a high-margin consumer staples compounder driven by next-gen nicotine products. The tobacco giant’s smoke-free products now represent around 41% of its revenue, with gross margins near 69.5%. Moreover, the contribution from alternative products like IQOS and ZYN has effectively doubled, indicating a structural mix shift rather than a cyclical improvement.

While we acknowledge the risk and potential of PM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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