PMI’s quarterly dividend increased

The board of directors of Philip Morris International today increased the company’s regular quarterly dividend by 10.6 percent to an annualized rate of $3.76 per share.

The new quarterly dividend of $0.94 per share, up from $0.85 per share, is payable on Oct. 11 to stockholders of record as of Sept. 26.

The ex-dividend date is Sept. 24.