NEW YORK, December 28, 2025, 22:06 ET — Market closed
- Philip Morris last closed at $161.05 on Friday, down 1.0% from its prior session.
- The drop largely tracked the stock going ex-dividend for a $1.47 quarterly payout.
- Traders head into Monday watching U.S. housing data and Tuesday’s Fed minutes in thin year-end markets.
Philip Morris International shares last closed down 1% at $161.05 on Friday, a move that largely reflected the stock trading ex-dividend for its quarterly payout.
The ex-dividend date is the first day a stock trades without the right to the next dividend; buyers after that date do not receive the upcoming payment. Shares often fall by roughly the dividend amount on that reset, which can make the day’s headline move look bigger than the underlying trading.
PMI’s board declared a regular quarterly dividend of $1.47 per share, payable on Jan. 14, 2026, to shareholders of record as of Dec. 26, a filing showed.
At Friday’s close, that payout implies $5.88 a year, or about a 3.7% yield. Much of the $1.59 drop from the prior close tracked the dividend itself, leaving the shares down about 0.1% on an adjusted basis.
Tobacco stocks were mixed in the session. Altria fell 2.3% while British American Tobacco was little changed.
The broader tape offered little help, with the S&P 500 proxy essentially flat and the consumer staples sector edging higher.
PMI has been leaning on smoke-free products such as heated tobacco and nicotine pouches as it works to reduce reliance on traditional cigarettes, a strategy it says supports long-term growth.
“We are investing behind innovation and delivering sustainable growth from our leading smoke-free products,” James Bushnell, PMI’s vice president of investor relations and financial communications, said on the company’s investor site. Philip Morris International
PMI is also approaching an organizational reshuffle. The company said it will introduce new U.S. and international business units effective Jan. 1, 2026, and replace its geographic segments with three reportable segments.
PMI said it plans to report financial results based on the new segments starting in the first quarter of 2026 and to disclose select historical financial information after it releases full-year 2025 results.
Before the next session on Monday, investors will parse late-year U.S. data that can move rate expectations — a key driver for dividend-heavy, defensive stocks. The National Association of Realtors is due to release its pending home sales index for November at 10 a.m. ET, according to MarketWatch’s economic calendar.
Attention then turns to the Federal Reserve’s minutes from its December policy meeting on Tuesday, with other releases scheduled the same day including housing and manufacturing indicators, Barron’s and Investopedia reported.
Markets are also heading into a holiday-shortened week, with U.S. exchanges closed on Thursday for New Year’s Day, a setup that can keep liquidity thin into year-end.
