Philip Morris International has declared its latest quarterly dividend, and its first for 2013, and it will be keeping its payout steady. The company will dispense $0.85 per share of its common stock on April 12 to shareholders of record as of March 28. That matches the company's last two payments, which were handed out in September and December. Before that, the cigarette producer paid $0.77 per share.
The company has been a habitual dividend payer over the past few years, typically raising its disbursement once every four quarters.
The current dividend annualizes to $3.40 per share. That yields 3.8% at Philip Morris' most recent closing stock price of $90.55.
The article Philip Morris International Declares Its First Dividend of 2013 originally appeared on Fool.com.
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