Philip Morris International Inc Dividends
The next dividend date for Philip Morris International Inc has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Philip Morris International Inc (PM)
More About Philip Morris International Inc
Philip Morris International Inc. operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness and healthcare products. Philip Morris International Inc. was incorporated in 1987 and is headquartered in Stamford, Connecticut.
Owning Philip Morris International Inc Stock on the Dividend Date
If you own Philip Morris International Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Philip Morris International Inc stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Philip Morris International Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Philip Morris International Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Philip Morris International Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Philip Morris International Inc Options on the Dividend Date
Unlike the stock price, which will normally have an abrupt decrease by the amount of the dividend on the ex-dividend date, option prices typically do not reflect the same phenomenon.
The reason is that in the time leading up to the ex-dividend date, that projected drop in Philip Morris International Inc stock price from the dividend is already baked into Philip Morris International Inc option prices.
That means the prices of call options that overlap the Philip Morris International Inc ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the Philip Morris International Inc ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Philip Morris International Inc call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Philip Morris International Inc put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Philip Morris International Inc Dividends
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