If you're wondering what happened at Philip Morse (PM) today -- it rose 4% -- this is what happens when companies decide to increase their DIVIDEND BY 10% !! How many of you got a 10% raise this year??
The Board of Directors of Philip Morris International Inc. (NYSE Euronext Paris: PM) today increased the company's regular quarterly dividend by 10.4%, to an annualized rate of $3.40 per share.
The new quarterly dividend of $0.85 per share, up from $0.77 per share, is payable on October 11, 2012, to stockholders of record as of September 27, 2012. The ex-dividend date is September 25, 2012.
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