PMI dividend increased by 10.4 per cent

The board of directors of Philip Morris International yesterday increased the company’s regular quarterly dividend by 10.4 per cent to an annualized rate of $3.40 per share.

The new quarterly dividend of $0.85 per share, up from $0.77 per share, is payable on October 11 to stockholders of record as of September 27.

The ex-dividend date is September 25.