Philip Morris International Inc.
PMConsumer Defensive · Stock · quarterly payer
Forward Yield
3.05%
Annual Dividend
$5.88
Payout Ratio
81%
5-Yr Growth
3.5%
Ex-Date
Jun 25, 2026
Frequency
Quarterly
Summary
As of July 2026, Philip Morris International Inc. (PM) yields 3.05% ($5.88 per share annually), with a blended fair-value estimate of $172.87 — -10% downside, so it screens as fairly valued. Dividend safety grade: B (70/100). 13 years of dividend growth.
Is PM a good dividend stock?
Yes, with caveatsPhilip Morris International Inc. (PM) pays a quarterly dividend yielding 3.05% ($5.88/yr), with 13 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- 13 consecutive years of dividend growth
- 87% total price return over 5 years
Risks
- Cut its dividend in 2012
Key Data
- Dividend Yield
- 3.05%
- Payout Ratio
- 81%
- Annual Dividend
- $5.88
- 5-Yr Avg Growth
- 3.5%
- Ex-Dividend Date
- Jun 25, 2026
- Years of Growth
- 13
- Frequency
- quarterly
- Beta
- 0.41
- Market Cap
- $300.4B
- P/E Ratio
- 27.2
- 5-Yr Total Return
- 87%
- 52-Week Range
- $142.11 – $194.62
- Dividend Safety
- B · 70/100
- Ever Cut?
- Yes (2012)
Frequently Asked Questions
PM Price — Last 12 Months
Daily close
Price Return
1 Year
+15%
3 Years
+101%
5 Years
+87%
52-Week Range
$142.11 – $194.62
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PM worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Philip Morris International Inc. is $172.87 per share, versus a market price of $192.98. That implies the stock is roughly fairly priced.
Fair Value
$172.87
Current Price
$192.98
Gap
-10%
Margin of Safety
-12%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 12.8% annual free-cash-flow growth. We model 9.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 9.5% stage-1 growth, 2.5% terminal growth, $7.10 EPS, $5.88 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PM Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 25, 2026 | — | $1.4700 | regular |
| Mar 19, 2026 | — | $1.4700 | regular |
| Dec 26, 2025 | — | $1.4700 | regular |
| Oct 3, 2025 | — | $1.4700 | regular |
| Jun 27, 2025 | — | $1.3500 | regular |
| Mar 20, 2025 | — | $1.3500 | regular |
| Dec 26, 2024 | — | $1.3500 | regular |
| Sep 26, 2024 | — | $1.3500 | regular |
| Jun 21, 2024 | — | $1.3000 | regular |
| Mar 20, 2024 | — | $1.3000 | regular |
| Dec 20, 2023 | — | $1.3000 | regular |
| Sep 26, 2023 | — | $1.3000 | regular |
| Jun 22, 2023 | — | $1.2700 | regular |
| Mar 22, 2023 | — | $1.2700 | regular |
Income Calculator
At $5.88 / yr per share
