Wednesday, September 10, 2014

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.
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7 comments:

  1. writing2realitySeptember 10, 2014 at 8:30 AM

    While not quite as large as last year, I will happily take a +4% yielding position and have it grow by +6% per year!

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    1. My Dividend PipelineSeptember 10, 2014 at 12:29 PM

      W2R,

      Absolutely! MO and PM gave nice raises this year. These are two awesome companies that should continue their tradition of rewarding shareholders.

      MDP

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  2. Dividend MantraSeptember 11, 2014 at 12:23 AM

    MDP,

    As my largest income position by income, I'm quite happy with this. Some may think the raise was a little low, but I thought it was very appropriate. They've had some difficulties, and they're investing heavily in next gen products. All in all, very exciting stuff. And, as W2R pointed out, a stock yielding over 4% and giving 6% plus raises every year adds up to a very handsome return.

    Best wishes!

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    1. My Dividend PipelineSeptember 11, 2014 at 12:01 PM

      DM,

      I too love the raise along with MO's. PM has lagged MO, but that's ok as it gives us more opportunities to increase our positions. Next up MCD and MSFT. Hopefully both give solid increases. I'm guessing MSFT raises more that MCD. We shall see!

      MDP

      Delete
    2. AnonymousOctober 1, 2014 at 4:01 AM

      I am really liking PM. Seems like no matter how you look at it, people are going to smoke and smoke often. Seems like a good long term investment. Even though I do kot smoke, I would never begrudge another from doing so.
      Good luck.

      Robert the DividendDreamer

      Delete
  3. Dividend DiplomatsSeptember 13, 2014 at 11:53 AM

    MDP,

    Loving the 6.4% bump up, though I was projectin 7-9%, I'll still take it. $26 is a solid/sweet increase to the annual amount - love that we own it and I'll continue to own this income producing asset. Talk soon! We also have a new hosted site MDP at http://www.dividenddiplomats.com/ in case you needed to update anything from your site. Appreciate it!

    -Lanny

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    1. My Dividend PipelineSeptember 13, 2014 at 2:14 PM

      Lanny,

      Thanks for the update. I will change your address immediately!

      MDP

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