(MarketNewsVideo.com) -- This morning, Philip Morris International (PM) declared its quarterly dividend of 58 cents per share, maintaining the amount paid last quarter. Based on the current stock price, investors can expect a yield of about 4.7% going forward.
In morning trading, shares of Philip Morris International were drifting lower, off about one percent so far.
In other dividend news, CVS Caremark (CVS) maintained its quarterly dividend of 8.75 cents per share. Target (TGT) maintained its quarterly dividend of 17 cents per share. Apache (APA) maintained its quarterly dividend of 15 cents per share. And supermarket chain Safeway (SWY) maintained its quarterly dividend of 10 cents per share.
The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201003Dividends031110&mv=1.