Trailing Dividend / Share
$5.54
Philip Morris International Inc. (PM) Dividend History
Income profile from 2008 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.1%
Payout Ratio
76.0%
Watch
Dividend Streak
18 years
PM Dividend Income Check
Safety
76.0% payout ratio with watch safety profile.
Consistency
18 straight years of dividend increases.
Income Trend
Yield on cost is 6.9% and trend is rising.
PM Dividend Scorecard
Yield & Income
Dividend Yield3.1%
Trailing DPS$5.54
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout76.0%
Earnings SafetyWatch
FCF Payout80.9%
FCF SafetyStretched
Piotroski F-Score7/9
Growth
Growth Streak18 years
3Y CAGR3.8%
5Y CAGR3.5%
Yield on Cost (5Y)6.9%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield3.1%
1Y Total Return0.8%
5Y Total Return105.7%
Div Contribution (5Y)26.4%
Estimated $10K growth (return + dividends):
5Y ago$20,57210Y ago$22,35920Y ago$50,830
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
PM Income Growth Story
Dividend per share and yield on cost over time (19 years of payments)
PM Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Philip Morris International Inc. distributes 76.0% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 80.9%, rated "Stretched".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
PM has raised its dividend for 18 consecutive years, with a 3-year CAGR of 3.8% and 5-year CAGR of 3.5%.
Total Shareholder Returns
Beyond cash dividends, PM returns capital through share repurchases. The combined picture: 3.1% dividend yield, 3.1% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 6.9% and is currently rising. The 5-year total return is 105.7%, with dividends contributing 26.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $22,359 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
PM Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$26.56
Avg/Payment$1.3280
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 25, 2026Latest | $1.4700 | — | 3.28% | Jul 20, 2026 |
| Mar 19, 2026 | $1.4700 | — | 3.53% | Apr 13, 2026 |
| Dec 26, 2025 | $1.4700 | — | 3.50% | Jan 14, 2026 |
| Oct 3, 2025 | $1.4700 | ↑ +8.9% | 3.60% | Oct 20, 2025 |
| Jun 27, 2025 | $1.3500 | — | 2.98% | Jul 15, 2025 |
| Mar 20, 2025 | $1.3500 | — | 3.51% | Apr 10, 2025 |
| Dec 26, 2024 | $1.3500 | — | 4.35% | Jan 13, 2025 |
| Sep 26, 2024 | $1.3500 | ↑ +3.8% | 4.34% | Oct 10, 2024 |
PM Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
3.1%
#5 of 6
Safety
Watch
76.0% payout
Streak
18Y
3.5% 5Y CAGR
Total Shareholder
3.1%
#5 of 6
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| PMPhilip Morris Intern… | $278.0B | 3.1% | 76.0% | 18 | Watch |
3rd  MOAltria Group, Inc. | $115.6B | 6.0% | 1.0% | 16 | Sustainable |
 BTIBritish American Tob… | $127.8B | 5.3% | 1.7% | 3 | Sustainable |
1st  TPVGTriplePoint Venture … | $203M | 20.5% | 83.9% | 0 | Watch |
2nd  UVVUniversal Corporatio… | $1.3B | 6.2% | 2.5% | 34 | Sustainable |
 PKGPackaging Corporatio… | $20.4B | 2.2% | 58.5% | 0 | Sustainable |
PM Annual Dividend History (2003–2026)
23 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $2.94 | — | 2 | — | — | — | 3.6% |
| 2025 | $5.64 | 6.4% | 4 | $7.26 | 77.7% | 1.29x | 6.9% |
| 2024 | $5.30 | 3.1% | 4 | $4.52 | 117.3% | 0.85x | 6.5% |
| 2023 | $5.14 | 2.0% | 4 | $5.02 | 102.4% | 0.98x | 6.3% |
| 2022 | $5.04 | 2.9% | 4 | $5.81 | 86.7% | 1.15x | 6.2% |
| 2021 | $4.90 | 3.4% | 4 | $5.83 | 84.0% | 1.19x | 6.0% |
| 2020 | $4.74 | 2.6% | 4 | $5.16 | 91.9% | 1.09x | 5.8% |
| 2019 | $4.62 | 2.9% | 4 | $4.61 | 100.2% | 1.00x | 5.7% |
| 2018 | $4.49 | 6.4% | 4 | $5.09 | 88.2% | 1.13x | 5.5% |
| 2017 | $4.22 | 2.4% | 4 | $3.88 | 108.8% | 0.92x | 5.2% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into PM consensus models and risk factors.
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Should I Buy PM?
Wall Street verdict, signals, and target summaries.
See Verdict
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
18+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
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PM — Frequently Asked Questions
Quick answers to the most common questions about buying PM stock.
How much dividend does PM pay per share?
Philip Morris International Inc. (PM) pays a trailing 12-month dividend of $5.54 per share, with a current dividend yield of +3.1%. Payments are made Semi-Annual.
When is PM's next ex-dividend date?
PM's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. PM typically pays dividends Semi-Annual.
Is PM's dividend safe?
PM's dividend safety is rated "Watch" based on an earnings payout ratio of +76.0% and FCF payout ratio of +80.9%. With 18 consecutive years of dividend growth, the track record supports sustainability.
Is PM a Dividend Achiever?
Yes, Philip Morris International Inc. is classified as a Dividend Achiever with 18 consecutive years of dividend increases. The 5-year dividend CAGR is +3.5%, demonstrating modest dividend growth.
How often does PM pay dividends?
Philip Morris International Inc. pays dividends Semi-Annual. The trailing 12-month total is $5.54 per share. Dividend data on this page covers 18+ years from 2008 to 2026.
How much would $10,000 invested in PM grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in PM five years ago would be worth approximately $20,572 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is PM's yield on cost for long-term holders?
PM's yield on cost — the current dividend divided by the original purchase price — is +6.9% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.1% market yield, thanks to consistent dividend growth.