News about Philip Morris

Philip Morris International reported third-quarter 2026 reported diluted EPS of $2.12, down 4.9% mainly due to a non-cash fair value adjustment on equity investments, while adjusted diluted EPS rose 5.4% to $2.36. Net revenues grew 5.5% (7.1% organically) to $11.4 billion, a quarterly record, with operating income up 14.1% and smoke-free products making up more than 40% of revenue. Shipments rose 0.6%, supported by a 2.7% increase in smoke-free products, with IQOS heat-not-burn shipments up 1.5% to 41.5 billion units. Oral smoke-free volumes turned positive, rising 0.5%, as modern oral grew 20.6%, and VEEV e-vapor shipments jumped 61.6%.

Three companies recently raised their dividends. McDonald's lifted its quarterly payout nearly 4% to $1.93 per share, its 50th consecutive annual raise, making it a Dividend King, and committed $8.5 billion to its 'NEXT' strategy to gain market share and improve restaurant efficiency. Philip Morris International raised its quarterly dividend nearly 9% to $1.60 per share, while smoke-free shipment volume rose 7.5% and combustibles accounted for 58% of net revenue in the second quarter. T-Mobile US increased its quarterly dividend 15% to $1.17 per share, after initiating its payout in late 2023, and postpaid revenue rose 13% year over year in the second quarter. At recent closing prices, the article puts McDonald's yield at 3.3% and Philip Morris's at 3.2%.