This High-Yield Tobacco Stock Just Raised Its Dividend by 8.8%

Philip Morris International announced a quarterly dividend increase of 8.8%, raising the payout from $1.47 to $1.60 per share. This adjustment brings the annual dividend to $6.40 per share. Eligible shareholders will receive the payment on October 26 for those on record as of October 2. The company has extended its dividend-raising streak to 19 consecutive years since its 2008 public debut, with cumulative payout increases of 248% representing a 7.2% compound annual growth rate.
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