Philip Morris stock reports an 8.8 percent dividend increase

Philip Morris stock is trading at USD 191.44 on the NYSE on September 24, 2026 at 1:22 p.m. ET, up 0.31 percent from the USD 190.84 prior close. The company has also raised its quarterly dividend by 8.8 percent to USD 1.60 per share, a decision announced on September 21, 2026.

Dividend rises to USD 1.60

According to Yahoo Finance, the new quarterly payout compares with USD 1.47 previously and represents an annualized dividend of USD 6.40.

The dividend decision gives Philip Morris a defined cash-return event alongside its transition toward smoke-free products. PMI said 42 percent of total global net revenue came from its smoke-free business in H1 2026, while more than 43 million legal-age consumers used those products as of December 31, 2025, according to Philip Morris International.

Q2 revenue beats consensus

Philip Morris reported USD 11.19 billion in Q2 2026 revenue, 10.4 percent above the prior-year quarter and ahead of the USD 10.60 billion analyst consensus. Adjusted earnings per share reached USD 2.20, exceeding the USD 2.05 estimate by USD 0.15, according to MarketBeat.

The earnings comparison is the key operating counterweight to the higher payout. PMI also set Q3 2026 adjusted EPS guidance at USD 2.20 to USD 2.25, keeping the next quarterly checkpoint tightly defined.

UBS target reaches USD 193

UBS raised its Philip Morris price target from USD 182 to USD 193 while maintaining a Neutral rating, as Investing.com reported on September 23, 2026. The target change points to a more selective view of ZYN pricing and US sales growth.

Stock remains below yearly high

Philip Morris has a market capitalization of USD 298,380,298,400 on September 24, 2026. Its USD 191.44 price sits 7.86 percent below the 52-week high of USD 207.76, while remaining USD 49.33 above the 52-week low of USD 142.11.