The Board of Directors of Philip Morris International Inc. (PM) today declared the company’s inaugural regular quarterly dividend of $0.46 per common share, payable on July 10, 2008, to stockholders of record as of June 30, 2008. The ex-dividend date is June 26, 2008.
“Combined with the $13.0 billion, two-year share repurchase program which began in May this year, our first regular dividend as an independent company reflects our strong commitment to rewarding our shareholders in a generous manner,” said Louis Camilleri, Chairman and Chief Executive Officer.
The dividend gives the stock at today’s prices a yield of roughly 3.8%
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Disclosure (“none” means no position):Long P<
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