Benzinga | Jun 11, 2021 09:02AM EDT

Philip Morris International Announces Up To $7B Buyback

The Board of Directors of Philip Morris International Inc. (NYSE:PM) today authorized a new share repurchase program of up to $7 billion, with target spending of $5 to $7 billion over a three-year period expected to commence after the company's second-quarter 2021 earnings call.