Current Yield
3.31%
TTM Dividend/Share
$5.88
Payment Frequency
Quarterly
Payout Ratio
82.7%
Consecutive Growth Years
14 (Dividend Contender)
Key takeaways
- Dividend Contender — Philip Morris International (PM) has raised its dividend for 14 consecutive years.
- Philip Morris International (PM) currently yields 3.31%, paying $5.88 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 82.7% — the share of earnings distributed as dividends.
- 6 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 3.54% (growth is accelerating).
Dividend yield valuation for Philip Morris International (PM)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Below average — potentially overvalued |
Current yield (now) | 3.31% |
1-year average yield | 3.46%now 0.15 pp below |
3-year average yield | 4.43%now 1.12 pp below |
5-year average yield | 4.68%now 1.37 pp below |
PM: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Philip Morris International (PM)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 6.8% |
FCF payout ratio | 21.6% |
Net debt / EBITDA | 2.6x |
Interest coverage | 9.65x |
ROIC (TTM) | 30.9% |
Dividend safety score for Philip Morris International (PM)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
6 of 8 checks passed
Payout ratio below 75%
Payout ratio is 82.7%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $1.9B — FCF fully covers the payout.
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 (0.0%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
73 payments from 2008 to 2026 · Adj. Dividend is split-adjusted
| Jun 25, 2026 | Jul 20, 2026 | $1.4700 | $1.4700 |
| 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 25, 2026$1.4700
- Mar 19, 2026$1.4700
- Dec 26, 2025$1.4700
- Oct 3, 2025$1.4700
- Jun 27, 2025$1.3500
- Mar 20, 2025$1.3500
- Dec 26, 2024$1.3500
- Sep 26, 2024$1.3500
- Jun 21, 2024$1.3000
- Mar 20, 2024$1.3000
- Dec 20, 2023$1.3000
- Sep 26, 2023$1.3000
Historical dividend yield for Philip Morris International (PM)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 3.46%5Y: 4.68%10Y: 4.96%
Dividend per share for Philip Morris International (PM)
CAGR (per year)1Y: 6.42%5Y: 3.54%10Y: 3.39%↑ Accelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 2008 | $1.54 | 3 |
| 2009 | $2.24 | 4 |
| 2010 | $2.44 | 4 |
| 2011 | $2.82 | 4 |
| 2012 | $2.43 | 4 |
| 2013 | $3.58 | 4 |
| 2014 | $3.88 | 4 |
| 2015 | $4.04 | 4 |
| 2016 | $4.12 | 4 |
| 2017 | $4.22 | 4 |
| 2018 | $4.49 | 4 |
| 2019 | $4.62 | 4 |
| 2020 | $4.74 | 4 |
| 2021 | $4.90 | 4 |
| 2022 | $5.04 | 4 |
| 2023 | $5.14 | 4 |
| 2024 | $5.30 | 4 |
| 2025 | $5.64 | 4 |
| 2026 | $2.94 | 2 |
Dividend growth for Philip Morris International (PM)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 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 | — |
- 2026—
- 2025$5.6400
- 2024$5.3000
- 2023$5.1400
- 2022$5.0400
- 2021$4.9000
- 2020$4.7400
- 2019$4.6200
- 2018$4.4900
- 2017$4.2200
- 2016$4.1200
- 2015$4.0400
- 2014$3.8800
- 2013$3.5800
- 2012$2.4290
- 2011$2.8200
- 2010$2.4400
- 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.
Frequently asked questions
Philip Morris International (PM) Key Financials
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