Philip Morris raises quarterly dividend from $1.20 to $1.25 per share

Philip Morris International Inc. P.M,
-0.61%
said Wednesday that the board has increased its quarterly cash dividend from $1.20 to $1.25 per share. The new dividend will be paid to shareholders on October 14 with a record as of September 29. Shares were slightly higher premarket and are up 23% so far, while the S&P 500 SPX,
-0.57%
won 18%.

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