Philip Morris International Inc. (PM) operates as a tobacco company working to deliver a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company’s product portfolio primarily consists of cigarettes and smoke-free products sold in markets outside the U.S.
PM has raised dividends for 13 consecutive years. Its annual dividend of $5.00 yields 5.47% on prevailing prices. The company’s dividend payouts have increased at a CAGR of 3.1% over the past three years and a CAGR of 3.8% over the past five years. Its four-year average yield is 5.50%.
