Philip Morris Stock Price, News & Analysis

The Board of Directors of Philip Morris International (NYSE:PM) has declared a quarterly dividend of $1.25 per common share, payable on January 10, 2022, to shareholders of record as of December 23, 2021. The ex-dividend date is December 22, 2021. This reflects PMI's commitment to rewarding shareholders while transitioning to a smoke-free future, aiming to replace cigarettes with smoke-free products. As of September 30, 2021, PMI's smoke-free products are available in 70 markets, with approximately 14.9 million adults having switched to IQOS.

Philip Morris International (PM) has been recognized for the second consecutive year as a global environmental leader by CDP, achieving the esteemed "Triple A" score for its exceptional performance in climate change, forest protection, and water security.

This acknowledgment highlights PMI's dedication to transparency and sustainability. Key initiatives include plans for all factories to achieve carbon neutrality by 2025 and a commitment to biodiversity through the Zero Deforestation Manifesto. PMI aims to prioritize sustainability as it transitions to a smoke-free future, underlining its responsibility to minimize environmental impact.

Philip Morris International (PM) has revised its full-year 2021 diluted EPS forecast to a range of $5.74 to $5.79, with an adjusted EPS forecast between $5.98 and $6.03, indicating a currency-neutral growth of 13% to 14%. Despite semiconductor supply challenges, PMI is experiencing strong momentum in its IQOS segment. The company anticipates a potential unfavorable currency impact of about $0.40 per share for 2022. Factors affecting this projection include potential asset impairment and litigation risks.

Philip Morris International (PM) will host a live video webcast featuring Chief Financial Officer Emmanuel Babeau at the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2021, at 8:00 a.m. ET. The event aims to discuss PMI's transformation towards a smoke-free future, where the company focuses on replacing cigarettes with smoke-free alternatives. Presentation slides will be available on the company's website, and an archived version of the webcast can be accessed until December 30, 2021. Currently, PMI's innovative smoke-free products are sold in 70 markets worldwide.

Philip Morris International (PMI) announces the relocation of its corporate headquarters to Stamford, Connecticut, with an expected opening in summer 2022. This move is poised to create approximately 200 jobs and contribute around $50 million to the state's economy. The 71,484 square foot facility will serve as a hub for PMI’s Americas region and amplify its commitment to a smoke-free future. PMI aims to transition to a majority smoke-free product portfolio by the end of 2025, with nearly 30% of net revenues coming from non-combustible products as of Q3 2021.

Philip Morris International (PM) has expressed support for the U.K. government’s initiative to simplify the licensing of electronic cigarettes and inhaled nicotine-containing products as medicines. This landmark proposal aims to combat smoking disparities, especially in low-income areas, promoting e-cigarettes as less harmful alternatives. Currently, around 27.2% of U.K. smokers use e-cigarettes, indicating a shift to better smoking alternatives. The company emphasizes that regulated e-cigarettes contribute positively to public health and encourages other nations to adopt similar policies.

Philip Morris International (PMI) has committed an additional USD 200 million to PM Equity Partner (PMEP) for minority investments in early and growth-stage companies, building on a previous USD 150 million investment. This funding will support PMI's goal of advancing smoke-free products. The investments will focus on four technology segments: life sciences, industrial technologies, product technologies, and consumer engagement technologies. PMI's transition has seen 29% of its net revenues from smoke-free products, with approximately 14.9 million smokers switching to their IQOS system.

Philip Morris International (PMI) announced a new category management structure to enhance its smoke-free and combustible cigarettes businesses. Stefano Volpetti has been appointed President of the Smoke-Free Products Category and Chief Consumer Officer, while Werner Barth becomes President of the Combustibles Category and Global Combustibles Marketing, effective November 1, 2021. PMI aims to accelerate growth and achieve smoke-free product availability in 100 markets by 2025, targeting over 50% of net revenues from these products. As of September 30, 2021, smoke-free products accounted for approximately 29% of PMI's total net revenues.