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Ebube Jones

This High-Yield Tobacco Stock Just Raised Its Dividend by 8.8%

Philip Morris International United States Tobacco Altria Group Philip Morris PM FDA

Philip Morris International (PM) just gave income investors another reason to pay attention. The tobacco company announced last week that it raised its quarterly dividend by 8.8%, from $1.47 to $1.60 per share. That brings the annual payout to $6.40 per share. Shareholders on record by Oct. 2 will receive the payment on Oct. 26, 2026.

The stock has also been doing well. PM stock is up 17% year-to-date (YTD), a little over twice the 8% gain in the Consumer Staples Select Sector SPDR Fund (XLP). It also reached a 52-week high of $207.76 in late July.

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