Philip Morris International (PM) Dividend History & Yield
Dividend ContenderPhilip Morris International (PM) has increased its dividend for 14 consecutive years and currently yields 3.05%. The most recent dividend was $1.4700/share on Apr 13, 2026, paid Quarterly.
Current Yield
3.05%
TTM Dividend/Share
$5.76
Payment Frequency
Quarterly
Payout Ratio
81.0%
Consecutive Growth Years
14 (Dividend Contender)
Div Growth (1Y CAGR)
6.42%
Div Growth (5Y CAGR)
3.54%
Div Growth (10Y CAGR)
3.39%
PM: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
6.6%
FCF payout ratio
21.6%
Net debt / EBITDA
2.6x
Interest coverage
9.65x
ROIC (TTM)
30.9%
Dividend Safety Score
6 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 81.0%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($6.85) covers dividend/share ($5.76).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
14 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 21.6%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 2.6x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (3.5%) exceeds EPS growth (2.4%) — payout ratio expanding.
Per-payment dividend history
Ex-date Mar 19, 2026
- Payment date
- Apr 13, 2026
- Dividend
- $1.4700
- Adj. dividend
- $1.4700
Ex-date Dec 26, 2025
- Payment date
- Jan 14, 2026
- Dividend
- $1.4700
- Adj. dividend
- $1.4700
Ex-date Oct 3, 2025
- Payment date
- Oct 20, 2025
- Dividend
- $1.4700
- Adj. dividend
- $1.4700
Ex-date Jun 27, 2025
- Payment date
- Jul 15, 2025
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
Ex-date Mar 20, 2025
- Payment date
- Apr 10, 2025
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
Ex-date Dec 26, 2024
- Payment date
- Jan 13, 2025
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
Ex-date Sep 26, 2024
- Payment date
- Oct 10, 2024
- Dividend
- $1.3500
- Adj. dividend
- $1.3500
Ex-date Jun 21, 2024
- Payment date
- Jul 8, 2024
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Mar 20, 2024
- Payment date
- Apr 9, 2024
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Dec 20, 2023
- Payment date
- Jan 10, 2024
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Sep 26, 2023
- Payment date
- Oct 12, 2023
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Jun 22, 2023
- Payment date
- Jul 11, 2023
- Dividend
- $1.2700
- Adj. dividend
- $1.2700
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Mar 19, 2026 | Apr 13, 2026 | $1.4700 | $1.4700 |
| Dec 26, 2025 | Jan 14, 2026 | $1.4700 | $1.4700 |
| Oct 3, 2025 | Oct 20, 2025 | $1.4700 | $1.4700 |
| Jun 27, 2025 | Jul 15, 2025 | $1.3500 | $1.3500 |
| Mar 20, 2025 | Apr 10, 2025 | $1.3500 | $1.3500 |
| Dec 26, 2024 | Jan 13, 2025 | $1.3500 | $1.3500 |
| Sep 26, 2024 | Oct 10, 2024 | $1.3500 | $1.3500 |
| Jun 21, 2024 | Jul 8, 2024 | $1.3000 | $1.3000 |
| Mar 20, 2024 | Apr 9, 2024 | $1.3000 | $1.3000 |
| Dec 20, 2023 | Jan 10, 2024 | $1.3000 | $1.3000 |
| Sep 26, 2023 | Oct 12, 2023 | $1.3000 | $1.3000 |
| Jun 22, 2023 | Jul 11, 2023 | $1.2700 | $1.2700 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Philip Morris International has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 14 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $5.6400 | — | — |
| 2025 | $5.3000 | $5.6400 | +6.4% |
| 2024 | $5.1400 | $5.3000 | +3.1% |
| 2023 | $5.0400 | $5.1400 | +2.0% |
| 2022 | $4.9000 | $5.0400 | +2.9% |
| 2021 | $4.7400 | $4.9000 | +3.4% |
| 2020 | $4.6200 | $4.7400 | +2.6% |
| 2019 | $4.4900 | $4.6200 | +2.9% |
| 2018 | $4.2200 | $4.4900 | +6.4% |
| 2017 | $4.1200 | $4.2200 | +2.4% |
| 2016 | $4.0400 | $4.1200 | +2.0% |
| 2015 | $3.8800 | $4.0400 | +4.1% |
| 2014 | $3.5800 | $3.8800 | +8.4% |
| 2013 | $2.4290 | $3.5800 | +47.4% |
| 2012 | $2.8200 | $2.4290 | -13.9% |
| 2011 | $2.4400 | $2.8200 | +15.6% |
| 2010 | $2.2400 | $2.4400 | +8.9% |
| 2009 | — | $2.2400 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Philip Morris International (PM) from the consolidated cash flow statement, in USD as filed.
Latest period
$8.81B
YoY change
+5.2%
5Y CAGR
+3.2%
Peak year (2025)
$8.62B
Latest annual
$8.62B
Cash dividends paid over time for Philip Morris International (PM)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Philip Morris International (PM)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $8.62B | +5.2% | +$427.00M | ||
| 2024 | $8.20B | +2.9% | +$233.00M | ||
| 2023 | $7.96B | +1.9% | +$152.00M | ||
| 2022 | $7.81B | +3.1% | +$232.00M | ||
| 2021 | $7.58B | +2.9% | +$216.00M | ||
| 2020 | $7.36B | +2.8% | +$203.00M | ||
| 2019 | $7.16B | +4.0% | +$276.00M | ||
| 2018 | $6.88B | +5.6% | +$365.00M | ||
| 2017 | $6.52B | +2.2% | +$142.00M | ||
| 2016 | $6.38B | +2.0% | +$128.00M | ||
| 2015 | $6.25B | +3.6% | +$215.00M | ||
| 2014 | $6.04B | +5.5% | +$315.00M | ||
| 2013 | $5.72B | +5.8% | +$316.00M | ||
| 2012 | $5.40B | +12.9% | +$616.00M | ||
| 2011 | $4.79B | +8.3% | +$365.00M | ||
| 2010 | $4.42B | +2.2% | +$96.00M | ||
| 2009 | $4.33B | -14.8% | -$752.00M | ||
| 2008 | $5.08B | -22.6% | -$1.48B | ||
| 2007 | $6.56B | +136.0% | +$3.78B | ||
| 2006 | $2.78B | -63.8% | -$4.90B | ||
| 2005 | $7.68B | — | — | ||
| 2003 | $0 | — | — |
2025's annual dividends paid for Philip Morris International (PM) came in at $8.62B – grew 5.2% year-over-year.
Through 2020–2025 (5 years), Philip Morris International dividends paid delivered a +3.2% annualised rate; sustaining 16 straight years of year-over-year growth.
The highest annual dividends paid of $8.62B was reported in 2025. The lowest in the available history was $0 in 2003.
Within Consumer Defensive, Philip Morris International (PM) ranks 3rd among 8 peers we track. The peer median for dividends paid is $7.23B.
Philip Morris International Dividends Paid 2025: $8.62B
Philip Morris International dividends paid in 2025 was $8.62B, grew 5.2% from 2024. This figure represents the highest annual value in the available history.
Philip Morris International Dividends Paid 2024: $8.20B
Philip Morris International dividends paid in 2024 was $8.20B, edged up 2.9% from 2023.
Philip Morris International Dividends Paid 2023: $7.96B
Philip Morris International dividends paid in 2023 was $7.96B, edged up 1.9% from 2022.
Philip Morris International Dividends Paid 2022: $7.81B
Philip Morris International dividends paid in 2022 was $7.81B, edged up 3.1% from 2021.
Philip Morris International Dividends Paid 2021: $7.58B
Philip Morris International dividends paid in 2021 was $7.58B.
See more financial history for Philip Morris International (PM).
Sector peers by dividends paid
Companies in the same sector as Philip Morris International, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Procter & Gamble (PG) | $9.87B | Consumer Defensive |
| Coca-Cola (KO) | $8.78B | Consumer Defensive |
| PepsiCo (PEP) | $7.64B | Consumer Defensive |
| Walmart (WMT) | $7.51B | Consumer Defensive |
| Altria Group (MO) | $6.96B | Consumer Defensive |
| Mondelez International (MDLZ) | $2.49B | Consumer Defensive |
| Costco (COST) | $2.18B | Consumer Defensive |
| Monster Beverage (MNST) | $0 | Consumer Defensive |
Frequently asked questions
Does Philip Morris International pay dividends?
Yes, Philip Morris International (PM) pays quarterly dividends of approximately $5.76 per share annually, yielding 3.05%.
What is Philip Morris International's dividend yield?
Philip Morris International (PM) has a current dividend yield of 3.05%.
Is Philip Morris International's dividend safe?
Philip Morris International (PM) passes 6 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Philip Morris International increased its dividend?
Philip Morris International (PM) has 14 consecutive years of dividend increases.
What is Philip Morris International's dividend payout ratio?
Philip Morris International (PM) has a dividend payout ratio of 81.0%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Philip Morris International's dividends paid?
Latest reported dividends paid for Philip Morris International (PM) is $8.81B (period ending March 31, 2026).
How has Philip Morris International dividends paid changed year-over-year?
Philip Morris International (PM) dividends paid changed +5.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Philip Morris International dividends paid?
Philip Morris International (PM) dividends paid compound annual growth rate is +3.2% over the most recent 5 years available.
When did Philip Morris International dividends paid hit its highest annual value?
Philip Morris International dividends paid reached its highest annual value of $8.62B in 2025.
What was Philip Morris International dividends paid in 2024?
Philip Morris International (PM) dividends paid in 2024 was $8.20B.
What was Philip Morris International dividends paid in 2025?
Philip Morris International (PM) dividends paid in 2025 was $8.62B.
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