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History and Background of Philip Morris Philip Morris was a tobacconist and importer of fine cigars He made his first cigarette in 1854 and opened his first tobacco store on Bond Street in London In 1881 Philip Morris went public in London The company was incorporated in the United States in the early 1900s Ownership was split 50-50 between the British parent company and the American partners In 1919 the Philip Morris coronet logo was introduced In 1928 the first dividend payment was given to stockholders ten years later preferred stock was offered to the public Ultimately a new firm owned by American stockholders acquired the US Philip Morris Company under the name of Philip Morris Co Ltd Inc In 1967 the corporate structure was reorganized to create Philip Morris Inc and three operating divisions Philip Morris Domestic Philip Morris International and Philip Morris Industrial One year later Philip Morris Domestic changed its name to Philip Morris USA Philip Morris USA is the nations primary cigarette manufacturer and Philip Morris International manages the international cigarette business selling the product in more than 180 countries In 1977 Philip Morris declared its 200th consecutive regular quarterly dividend The corporate framework of Philip Morris Inc was restructured Philip Morris Companies Inc a holding company became the publicly held parent of Philip Morris Companies Inc In 2000 the company marked the 18th consecutive year with highest revenues income volume and market share among US tobacco companies Philip Morris is recognized for its involvement in many charitable programs In 1996 Philip Morris created Philip Morris Cares Day as a way to honor Dr Martin Luther King Jr On designated days employees are given time off work to volunteer at social service agencies in their community Philip Morris companies have been giving to environmental causes for more than 40 years In 1956 Philip Morris made an environmental grant to help create Keep America Beautiful Environmental programs were implemented within their
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