Philip Morris International Inc (PM.N)
Latest Key Developments (Source: Significant Developments)
Universal Corp:Says the Company's subsidiary, Universal Leaf North America U.S., Inc, will increase its direct purchases of flue-cured and burley tobaccos, expanding its support of United States tobacco growers, as part of a new leaf supply agreement with Philip Morris International Inc.Transition is expected to provide important supply chain efficiencies and is indicative of PMI's and Universal's commitment to the grower communities and PMI's intent to remain purchaser of U.S.-grown leaf tobacco. Full Article
Philip Morris International Inc:Now expects FY 2014 reported diluted earnings per share to be in a range of $4.76 to $4.81.Diluted EPS are projected to increase in the range of about 6.5 to 7.5 pct versus adjusted diluted EPS of $5.40 in FY 2013.FY 2014 EPS of $5.08 - Thomson Reuters I/B/E/S. Full Article
Philip Morris International Inc:Says it increased its regular quarterly dividend during the quarter to $1.00, up by 6.4 pct from $0.94. Full Article
LONDON Japan Tobacco aims to start selling its Ploom Tech tobacco-based electronic cigarette in cities across Japan next year, it said on Friday, as it fights to catch up with bigger rival Philip Morris in meeting the growing demand for "vaping" products.