Philip Morris Raises Dividend by 9% Following Strong Revenue Growth

Key Facts

1Philip Morris delivered Q2 organic revenue growth of 7.6% and a 15% increase in adjusted EPS.

2The company recently raised its dividend by 8.8%, bringing the current dividend yield to 3.4%.

Philip Morris delivered Q2 organic revenue growth of 7.6% and a 15% increase in adjusted EPS. Seeking Alpha reported that the company recently raised its dividend by 8.8%, bringing the current dividend yield to 3.4%.

The growth was fueled by the expanding Next Generation Products (NGP) portfolio and resilient performance in the combustibles segment. These financial results highlight the company's ongoing transition to smoke-free products and its robust pricing power in global markets.