by the close of today july 11 2023 philip morris intl pm will issue a dividend payout of 127 per share resulting in an annualized dividend yield of 551 this payout is exclusively for shareholders who held the stock before the exdividend date on june 22 2023 when comparing philip morris intls dividend yield against its industry peers the company sits comfortably in the middle with its peer british american tobacco bti having the highest annualized dividend yield at 854 companies that pay out steady cash dividends are attractive to incomeseeking investors and companies that are financially healthy tend to maintain their dividend payout schedule for this reason investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing as you can see from 2019 to 2022 investors saw an average increase in the companys dividend per share rising from 462 in 2019 to 504 in 2022 this is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends the earnings chart above shows that from 2019 to 2022 philip morris intl has experienced an increase in their earnings from 523 per share to 592 per share this positive earnings trend is promising for incomeseeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues this article delves into the recent dividend payout of philip morris intl and its implications for shareholders presently the company is distributing a dividend of 127 per share leading to an annualized dividend yield of 551 when comparing philip morris intls dividend yield against its industry peers the company sits comfortably in the middle with its peer british american tobacco having the highest annualized dividend yield at 854 considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share philip morris intl appears to be in a strong financial position indicating their ability to sustain dividend distributions to investors investors should closely follow the companys performance in the coming quarters to stay uptodate on any shifts in financials or dividend disbursements this article was generated by benzingas automated content engine and reviewed by an editor