Overview

• The board approved a new quarterly dividend of $1.47, payable Oct. 20 to shareholders of record Oct. 3, with the ex-dividend date also on Oct. 3.
• Shares traded up about 2.8% premarket to $166.30 after the announcement.
• Management continues to guide for 2025 adjusted EPS of $7.43 to $7.56 with organic net revenue growth of 6% to 8%.
• Total shipment volumes are projected to rise about 1% on a 12% to 14% increase in smoke-free products that offsets roughly a 2% decline in cigarette volumes.
• The company plans about $1.6 billion in 2025 capital spending and guided third-quarter adjusted EPS to $2.08 to $2.13 while highlighting momentum in IQOS and ZYN.