PMI declares regular quarterly dividend

The board of directors of Philip Morris International yesterday declared a regular quarterly dividend of $0.94 per common share, payable on April 11 to shareholders of record as of March 27.

The ex-dividend date is March 25.

At the same time, PMI said that Mathis Cabiallavetta and J. Dudley Fishburn would retire from the board at the annual meeting of shareholders in May.

“Mathis and Dudley have served on the board since our spin-off, and for many years prior to that ably served on the board of our former parent company,” said Chairman Louis C. Camilleri. “We have benefited tremendously from their dedicated service and invaluable advice. They leave with our most heartfelt gratitude.”