On October 8, Philip Morris rose 3.06% in regular trading, trading at $198.82/share, with turnover of $60.23 million. The move follows the company's announcement of an 8.8% increase in its quarterly cash dividend, from $1.47 to $1.60 per share, implying an annualized payout of $6.40. The dividend will be paid on October 26 to shareholders of record as of October 2. The significant raise underscores management's confidence in cash flow generation and its smoke-free transition strategy. Additionally, the company previously guided 2026 adjusted EPS to a range of $8.35 to $8.50, representing 10.7% to 12.7% year-over-year growth. Philip Morris also recently expanded its Zyn portfolio with new nicotine strengths, flavors, moisture levels, and pouch formats, reinforcing market expectations for continued momentum in its reduced-risk product lineup.

Philip Morris International Inc. operates as a tobacco company working to deliver a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector.

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