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Jump to full article: Business Wire, 2002-08-28
Intro: The Board of Directors of Philip Morris Companies Inc. (NYSE: MO) today voted to increase the company's regular quarterly dividend by 10.3%, to an annualized rate of $2.56 per common share.
The new quarterly dividend of $0.64 per common share, up from $0.58 per common share, is payable on October 10, 2002 to stockholders of record as of September 16, 2002. The ex-dividend date is September 12, 2002.
"Today's action delivers on our long-term commitment to enhance shareholder value through a balanced program of dividends and share repurchases, " said Louis C. Camilleri, chairman and chief executive officer.
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