NEW YORK–(BUSINESS WIRE)–The Board of Directors of Philip Morris Companies Inc. (NYSE:MO – news) today declared a regular quarterly dividend of $0.58 per common share, payable on January 10, 2002, to stockholders of record as of December 24, 2001.

The Philip Morris family of companies, including Kraft Foods Inc. (Kraft), is the world’s largest producer and marketer of consumer packaged goods. Philip Morris Companies Inc. recorded 2000 underlying operating revenues of $80.3 billion (or $88.0 billion assuming Kraft owned Nabisco for all of 2000) and owns 83.9% of the outstanding common shares of Kraft. The Philip Morris family also includes Philip Morris Incorporated (PM USA), Philip Morris International Inc., Miller Brewing Company and Philip Morris Capital Corporation.

For more information about Philip Morris Companies Inc. and its operating companies, please visit the company’s website: