PMI Announces USD 18 Billion Shares Repurchase

Source from:  Tobacco Journal International 06/14/2012

Philip Morris International said it will repurchase USD 18 billion (EUR 14.4 billion) in the next three years after the current USD 12 billion programme concludes ahead of schedule this year. "Our announcements today are a further testament to our steadfast commitment to generously reward our shareholders over the long-term," PMI said in a statement today. PMI also said a regular quarterly dividend of USD 0.77 per common share will be paid 12 July. The new shares repurchase programme will being in August. The shares repurchase target for this year remains at USD 6 billion, PMI said. Enditem