Philip Morris Boosts Dividend Amid Smoke-Free Transition

An announcement from Philip Morris ( (PM) ) is now available.

On September 19, 2025, Philip Morris International announced an 8.9% increase in its quarterly dividend to $1.47 per share, payable on October 20, 2025. This marks a consistent annual dividend increase since 2008, reflecting the company’s strong financial performance and commitment to shareholder returns. The announcement underscores PMI’s strategic focus on transitioning to smoke-free products, which accounted for 41% of its total net revenues in the first half of 2025, and its ongoing efforts to innovate and expand its market presence.

The most recent analyst rating on (PM) stock is a Hold with a $176.00 price target. To see the full list of analyst forecasts on Philip Morris stock, see the PM Stock Forecast page.

Spark’s Take on PM Stock

According to Spark, TipRanks’ AI Analyst, PM is a Neutral.

Philip Morris’s strong earnings call performance and robust income statement are key strengths, driving the stock score. However, high leverage and negative equity on the balance sheet, along with bearish technical indicators and a high P/E ratio, present significant risks.

To see Spark’s full report on PM stock, click here.

More about Philip Morris

Philip Morris International is a leading international consumer goods company focused on delivering a smoke-free future. Its portfolio includes cigarettes and smoke-free products such as heat-not-burn, nicotine pouches, and e-vapor products. As of mid-2025, these products were available in 97 markets and used by over 41 million legal-age consumers. The company has invested over $14 billion since 2008 to develop and commercialize smoke-free products, with a goal to end cigarette sales completely. PMI is also expanding into wellness and healthcare sectors.

Average Trading Volume: 5,751,073

Technical Sentiment Signal: Buy

Current Market Cap: $258.9B

Find detailed analytics on PM stock on TipRanks’ Stock Analysis page.