Philip Morris International Inc. (PM) Announces Quarterly Dividend of $0.94
Philip Morris International (NYSE:PM) declared a quarterly dividend on Wednesday, September 11th, AR Network reports. Investors of record on Thursday, September 26th will be given a dividend of $0.94 per share on Friday, October 11th. This represents a $3.76 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Tuesday, September 24th.
PM has been the subject of a number of recent research reports. Analysts at Rowe reiterated a “buy” rating on shares of Philip Morris International (NYSE:PM) in a research note to investors on Tuesday, September 3rd. They now have a $95.00 price target on the stock, down previously from $100.00. On the ratings front, analysts at TheStreet reiterated a “hold” rating on shares of Philip Morris International (NYSE:PM) in a research note to investors on Tuesday, September 3rd. Finally, analysts at Stifel Nicolaus cut their price target on shares of Philip Morris International (NYSE:PM) from $100.00 to $95.00 in a research note to investors on Tuesday, September 3rd. They now have a “buy” rating on the stock.
Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Philip Morris International currently has an average rating of “Buy” and an average price target of $94.59.
Philip Morris International (NYSE:PM) opened at 84.23 on Wednesday. Philip Morris International has a 1-year low of $82.10 and a 1-year high of $96.73. The stock’s 50-day moving average is $86.55 and its 200-day moving average is $90.61. The company has a market cap of $136.3 billion and a P/E ratio of 16.37.
Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, July 18th. The company reported $1.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.41 by $0.11. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $8.22 billion. During the same quarter last year, the company posted $1.36 earnings per share. Philip Morris International’s revenue was down 2.5% compared to the same quarter last year. Analysts expect that Philip Morris International will post $5.44 EPS for the current fiscal year.
Philip Morris International Inc (NYSE:PM) is a holding company.
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