Philip Morris (PM) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $6.01
- Forward yield
- 2.92%
- Payout ratio
- 74.2%
- Growth streak
- 5 years
Philip Morris pays a quarterly dividend. Its latest declared payment is $1.60 per share, with an ex-date of October 2, 2026 and a pay date of October 26, 2026. That is up from $1.47, a raise of 13 cents or about 8.8%. Over the trailing twelve months, it paid $7.48 per share, a yield of about 3.99% at a share price of $187.46.
Raises have come once a year, each time with the payment that goes ex-dividend in late September or early October. The quarterly rate went from $1.25 to $1.27 in 2022, then to $1.30 in 2023, $1.35 in 2024, $1.47 in 2025 and $1.60 in 2026. The early raises were two to five cents, or 1.6% to 3.8%. The last two were larger, at 12 and 13 cents, or about 8.8% to 8.9%. Since late 2021, the quarterly rate has grown 28%. Payments by calendar year rose from $5.04 in 2022 to $5.64 in 2025. The company has increased its dividend for five consecutive years.
If the pattern holds, the next payment would go ex-dividend in late December 2026 and be paid in mid-January 2027.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Sep 18, 2026 | Oct 2, 2026 | Oct 26, 2026 | $1.60 |
| Jun 11, 2026 | Jun 25, 2026 | Jul 20, 2026 | $1.47 |
| Mar 5, 2026 | Mar 19, 2026 | Apr 13, 2026 | $1.47 |
| Dec 12, 2025 | Dec 26, 2025 | Jan 14, 2026 | $1.47 |
| Sep 19, 2025 | Oct 3, 2025 | Oct 20, 2025 | $1.47 |
| Jun 13, 2025 | Jun 27, 2025 | Jul 15, 2025 | $1.35 |
| Mar 6, 2025 | Mar 20, 2025 | Apr 10, 2025 | $1.35 |
| Dec 12, 2024 | Dec 26, 2024 | Jan 13, 2025 | $1.35 |
| Sep 12, 2024 | Sep 26, 2024 | Oct 10, 2024 | $1.35 |
| Jun 7, 2024 | Jun 21, 2024 | Jul 8, 2024 | $1.30 |
| Mar 7, 2024 | Mar 20, 2024 | Apr 9, 2024 | $1.30 |
| Dec 7, 2023 | Dec 20, 2023 | Jan 10, 2024 | $1.30 |
| Sep 13, 2023 | Sep 26, 2023 | Oct 12, 2023 | $1.30 |
| Jun 9, 2023 | Jun 22, 2023 | Jul 11, 2023 | $1.27 |
| Mar 9, 2023 | Mar 22, 2023 | Apr 11, 2023 | $1.27 |
| Dec 8, 2022 | Dec 21, 2022 | Jan 11, 2023 | $1.27 |
| Sep 14, 2022 | Sep 27, 2022 | Oct 12, 2022 | $1.27 |
| Jun 17, 2022 | Jun 30, 2022 | Jul 15, 2022 | $1.25 |
| Mar 10, 2022 | Mar 23, 2022 | Apr 12, 2022 | $1.25 |
| Dec 9, 2021 | Dec 22, 2021 | Jan 10, 2022 | $1.25 |
Frequently asked questions
Does Philip Morris (PM) pay a dividend?
Yes. Philip Morris pays a quarterly dividend; the most recent payment was $1.60 per share.
What is PM's dividend yield?
Philip Morris paid $6.01 per share over the trailing twelve months, a yield of 2.92% at the last price of $205.58. Click here to learn more
When is PM's most recent ex-dividend date?
Philip Morris's most recent ex-dividend date is Oct 2, 2026, payable on Oct 26, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has PM been raising its dividend?
Yes — Philip Morris has increased its dividend for 5 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.