Philip Morris raises dividend 6.4%---New Yield is 4.77%
Today Philip Morris (PM) raised its quarterly dividend 6.4% from $.94 to $1.00 per share. This makes the new yield 4.77% as of yesterday's close. The ex-dividend date is September 23rd and the pay date is October 10th. Since I own 108.49 shares my yearly dividends will increase by $26.04.