I’m a little late reporting this but PM announced 09/15 a quarterly dividend increase from 1.00 to 1.02. The dividend is payable October. 14, 2015 to shareholders of record as of Sept. 30, 2015.
This is an increase of just 2%, even smaller than last year’s of 6.4%. A strong dollar has kept PM’s profits lower but I don’t mind a smaller increase when they need to conserve the cash to get the company growing again. They still have a great track record and I think the raises will average out to much higher over the next 10-20 years.
This would mark the 8th straight year of increases after the spinoff from Altria Group.
Since I own 59.15 shares, this will increase my yearly dividends by $4.73.