NEW YORK CITY (dpa-AFX) - Philip Morris International Inc. (PM) said that it increased its regular quarterly dividend by 2% to an annualized rate of $4.08 per share.
The new quarterly dividend of $1.02 per share, up from $1.00 per share, is payable on October 14, 2015, to stockholders of record as of September 30, 2015. The ex-dividend date is September 28, 2015.
The company also announces that the Board of Directors has amended the company's bylaws to enable eligible shareholders, who have owned three or more percent of the company's shares for at least three years, to nominate and include in the company's proxy statement director candidates to occupy up to 20% of the available Board seats. The amended bylaws will be made available promptly on the company's website.
Copyright RTT News/dpa-AFX