Key Developments: Philip Morris International Inc (PM.N)

PM.N on New York Stock Exchange

83.35USD
23 Apr 2014
Price Change (% chg)

$-0.19 (-0.23%)
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Latest Key Developments (Source: Significant Developments)

Philip Morris International Inc Enters Into Agreement To Acquire 49% Interest In Arab Investors-TA (FZC)
Monday, 30 Sep 2013 08:20am EDT 

Philip Morris International Inc announced its entry into a definitive agreement to acquire 49% of the shares of United Arab Emirates-based Arab Investors-TA (FZC) for $625 million. Through its acquisition of 49% of the shares of AITA, PMI will secure an almost 25% economic interest in the Société des Tabacs Algéro-Emiratie, a joint venture which is 51% owned by AITA and 49% by the Algerian state-owned Société Nationale des Tabacs et Allumettes SpA. STAEM, with which PMI has had a partnership since 2005, manufactures and distributes under license PMI’s Marlboro and L&M brands, which together hold a share of the international trademarks sold in Algeria. This equity investment in AITA will provide PMI with enhanced earnings from Algeria and is projected to be accretive to PMI’s earnings per share as of 2014.  Full Article

Philip Morris International Inc Increases Quarterly Dividend by 10.6% to Annualized Rate of USD 3.76 Per Share
Wednesday, 11 Sep 2013 03:20am EDT 

Philip Morris International Inc announced that it has increased the Company’s regular quarterly dividend by 10.6%, to an annualized rate of USD 3.76 per share. The new quarterly dividend of USD 0.94 per share, up from USD 0.85 per share, is payable on October 11, 2013, to stockholders of record as of September 26, 2013. The ex-dividend date is September 24, 2013.  Full Article

Philip Morris International Inc Lowers FY 2013 EPS Guidance
Thursday, 18 Jul 2013 06:59am EDT 

Philip Morris International Inc revised fiscal 2013 earnings per share (EPS) guidance to a range of $5.43 to $5.53, compared to $5.17 in 2012. Excluding an unfavorable currency impact, at prevailing exchange rates, of approximately $0.31 for fiscal 2013, reported diluted earnings per share are projected to increase by approximately 10%-12% compared to adjusted diluted earnings per share $5.22 in 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $5.55 for fiscal 2013.  Full Article

Philip Morris International Inc Declares Regular Quarterly Dividend Of $0.85 Per Share
Wednesday, 12 Jun 2013 03:30am EDT 

Philip Morris International Inc. announced that it has declared a regular quarterly dividend of $0.85 per common share, payable on July 12, 2013, to shareholders of record as of June 27, 2013. The ex-dividend date is June 25, 2013.  Full Article

Philip Morris International Inc to Acquire Remaining 20% Interest in Its Mexican Subsidiary
Tuesday, 21 May 2013 09:00am EDT 

Philip Morris International Inc ("PMI") announced that Grupo Carso, S.A.B. de C. V. (“Grupo Carso”) will sell to PMI its 20% interest in Philip Morris Mexico, S.A. de C.V. (“PMM”), PMI’s Mexican tobacco business. The final purchase price, currently estimated to be approximately USD 700 million, will be determined by a pre-agreed formula. It is subject to a potential adjustment based on PMM’s actual performance over three years ending two fiscal years after the closing of the purchase. The transaction, as a result of which PMI will own 100% of PMM, is expected to be completed by September 30, 2013, subject to the approval of the Mexican antitrust authority, and is projected to be immediately marginally accretive to PMI’s earnings per share as of the fourth quarter of 2013.  Full Article

Philip Morris International Inc Lowers FY 2013 EPS Guidance
Thursday, 18 Apr 2013 06:59am EDT 

Philip Morris International Inc revised fiscal 2013 earnings per share (EPS) guidance to a range of $5.55 to $5.65, compared to $5.17 in 2012. Excluding an unfavorable currency impact, at prevailing exchange rates, of approximately $0.19 for fiscal 2013, reported diluted earnings per share are projected to increase by approximately 10%-12% compared to adjusted diluted earnings per share $5.22 in 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $5.72 for fiscal 2013.  Full Article

Philip Morris International Inc Announces Appointment Of Chief Executive Officer
Wednesday, 13 Mar 2013 07:58am EDT 

Philip Morris International Inc announced that André Calantzopoulos was appointed Chief Executive Officer to become effective immediately following the Annual Meeting of Shareholders on May 8, 2013. Louis Camilleri, PMI's current Chairman and Chief Executive Officer, will remain as Chairman of the Board and as an employee of the Company.  Full Article

Philip Morris International Inc Declares Regular Quarterly Dividend
Wednesday, 13 Mar 2013 05:45am EDT 

Philip Morris International Inc announced that Board of Directors declared a regular quarterly dividend of $0.85 per common share, payable on April 12, 2013, to shareholders of record as of March 28, 2013. The ex-dividend date is March 26, 2013.  Full Article

Philip Morris International Inc Reaffirms FY 2013 EPS Guidance
Wednesday, 20 Feb 2013 09:05am EST 

Philip Morris International Inc announced that it expects for fiscal 2013 reported diluted earnings per share(EPS) to be in a range of $5.68 to $5.78, at prevailing exchange rates. Excluding a forecasted total unfavorable currency impact of approximately $0.06 for the fiscal 2013, the reported diluted earnings per share range represents a projected increase of 10% to 12% versus adjusted diluted earnings per share of $5.22 in 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $5.78 for fiscal 2013.  Full Article

Philip Morris International Inc Issues FY 2013 EPS Guidance In Line With Analysts' Estimates
Thursday, 7 Feb 2013 10:05am EST 

Philip Morris International Inc announced that it expects for fiscal 2013 reported diluted earnings per share(EPS) to be in a range of $5.68 to $5.78, at prevailing exchange rates. Excluding a forecasted total unfavorable currency impact of approximately $0.06 for the fiscal 2013, the reported diluted earnings per share range represents a projected increase of 10% to 12% versus adjusted diluted earnings per share of $5.22 in 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $5.79 for fiscal 2013.  Full Article

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