Credit: Shutterstock photoPhilip Morris International Inc ( PM ) has announced an ex-dividend date of December 24, 2012 and a cash dividend payment of $0.85 per share scheduled for January 11, 2013. Shareholders who purchased PM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 10.39% increase over the same period a year ago. At the current stock price of $84.65, the dividend yield is 4.02%.
The previous trading day's last sale of PM was $84.65, representing a -10.07% decrease from the 52 week high of $94.13 and a 16.2% increase over the 52 week low of $72.85.
PM is a part of the Consumer Non-Durables sector, which includes companies such as British American Tobacco Industries, p.l.c. ( BTI ) and Altria Group ( MO ). PM's current earnings per share, an indicator of a company's profitability, is $5.01. Zacks Investment Research reports PM's forecasted earnings growth in 2012 as 6.73%, compared to an industry average of 4.4%.
For more information on the declaration, record and payment dates, visit the PM Dividend History page.
Interested in gaining exposure to PM through an Exchange Traded Fund [ETF]?
The following ETF(s) have PM as a top-10 holding:
- iShares Dow Jones U.S. Consumer Goods Index Fund ( IYK )
- iShares High Dividend Equity Fund ( HDV )
- iShares S&P Global Consumer Staples Sector Index Fund ( KXI )
- WisdomTree High-Yielding Equity Fund ( DHS )
- Select Sector SPDR Fund - Consumer Staples ( XLP ).
The top-performing ETF of this group is IYK with an increase of 4.04% over the last 100 days. It also has the highest percent weighting of PM at 9.99%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
