Philip Morris raises quarterly dividend to $1.25 a share from $1.20

Philip Morris International Inc.
PM,
-0.61%
said Wednesday its board has increased its quarterly cash dividend to $1.25 a share from $1.20. The new dividend will be payable Oct. 14 to shareholders of record as of Sept. 29. Shares were slightly higher premarket, and have gained 23% in the year to date, while the S&P 500
SPX,
-0.57%


has gained 18%.