Philip Morris International (Philip Morris International) Dividend Payout Ratio

: 0.92 (As of Dec. 2023)

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Philip Morris International's dividend payout ratio for the months ended in Dec. 2023 was 0.92.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Philip Morris International Inc is 0.90, which seems too high.

The historical rank and industry rank for Philip Morris International's Dividend Payout Ratio or its related term are showing as below:

PM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.77 Med: 0.9 Max: 1
Current: 0.9

During the past 13 years, the highest Dividend Payout Ratio of Philip Morris International was 1.00. The lowest was 0.77. And the median was 0.90.

PM's Dividend Payout Ratio is ranked worse than
82.14% of 28 companies
in the Tobacco Products industry
Industry Median: 0.65 vs PM: 0.90

As of today (2024-04-17), the Dividend Yield % of Philip Morris International is 5.74%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Philip Morris International was 7.56%. The lowest was 3.40%. And the median was 4.92%.

Philip Morris International's Dividends per Share for the months ended in Dec. 2023 was $1.30.

During the past 12 months, Philip Morris International's average Dividends Per Share Growth Rate was 2.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Philip Morris International was 22.30% per year. The lowest was 2.70% per year. And the median was 3.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Philip Morris International Dividend Payout Ratio Historical Data

The historical data trend for Philip Morris International's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Philip Morris International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

1.00

0.92

0.84

0.87

0.96

Philip Morris International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.83	0.99	0.73	0.99	0.92

Competitive Comparison

For the Tobacco subindustry, Philip Morris International's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Philip Morris International Dividend Payout Ratio Distribution

For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Philip Morris International's Dividend Payout Ratio falls into.

Philip Morris International Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Philip Morris International's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	5.14	/	5.352
	=	0.96

Philip Morris International's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	1.3	/	1.41
	=	0.92

Philip Morris International (NYSE:PM) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Philip Morris International Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Philip Morris International's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Philip Morris International (Philip Morris International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Philip Morris International Inc (NYSE:PM) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

PM:Mexico 1PM:Italy 0M8V:UK 4I1:Germany 4I1:Germany 4I1:Germany PMI:Switzerland PHMO34:Brazil PMOR:Austria

Address

677 Washington Boulevard, Suite 1100, Stamford, Connecticut, New York, NY, USA, 06901

Website

https://www.pmi.com

Philip Morris International is an international tobacco company with a product portfolio primarily consisting of cigarettes and reduced-risk products, including heat-not-burn, vapor and oral nicotine products, which are sold in markets outside the United States. The company diversified away from cigarettes with the 2022 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches, primarily in the U.S. and Scandinavia. It diversified away from nicotine products with the acquisition of Vectura, a provider of innovative inhaled drug delivery solutions, in 2021.

Executives

Wilde Frederic De	officer: Sr. VP, Marketing & Sales	120 PARK AVENUE, NEW YORK NY 10017
Yann Guerin	officer: SVP & Global Head of L&C	677 WASHINGTON BLVD., SUITE 1100, STAMFORD CT 06901
Werner Barth	officer: Sr. VP, Marketing and Sales	120 PARK AVENUE, NEW YORK NY 10017
Lars Dahlgren	officer: Pres. Smoke-Free Oral Products	677 WASHINGTON BLVD., STAMFORD CT 06896
Dessislava Temperley	director	C/O CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451
Reginaldo Dobrowolski	officer: Vice President and Controller	677 WASHINGTON BLVD, SUITE 1100, STAMFORD CT 06901
Martin G. King	officer: SVP Operations	120 PARK AVENUE, NEW YORK NY 10017
Paul Riley	officer: Pres East Asia & Australia	120 PARK AVENUE, NEW YORK NY 10017
Drago Azinovic	officer: Pres., European Union Region	120 PARK AVENUE, NEW YORK NY 10017
Mario Masseroli	officer: Pres., Latin America & Canada	120 PARK AVENUE, NEW YORK NY 10017
Juan J. Daboub	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Shlomo Yanai	director	ONE MEADOWLANDS PLAZA, EAST RUTHERFORD NJ 07073
Stacey Kennedy	officer: Pres. South & Southeast Asia	120 PARK AVENUE, NEW YORK NY 10017
Charles Bendotti	officer: Senior VP, Human Resources	120 PARK AVENUE, NEW YORK NY 10017
Andre Calantzopoulos	director, officer: President & CEO	677 WASHINGTON BLVD, SUITE 1100, STAMFORD CT 06901