Earlier this week Philip Morris (ticker: PM) raised its quarterly dividend from $1,14 to $1,17. This is a raise of almost 3%. It adds about € 2 to my annual dividend income (before taxes).
Since my purchase of PM shares back in 2013, I've received six dividend raises. The compounded annual dividend growth rate of 3,7% is not exactly what I expected. Let's hope the dividend growth picks up, maybe after a merger with Altria. Who knows.
This year I've received 19 dividend raises that added over € 55 to my annual dividend income so far.
Are you a shareholder of PM? And what do you think about its dividend raise?