ARNC - Buy Philip Morris International: A Dividend Increase Is Expected In September
Philip Morris International (PM) is a buy for the dividend income investor who also wants to take advantage of the overdone stock price dip. Philip Morris International is one of the largest manufacturers and distributors of smoking products. PM is a conservative investment for the income investor who also wants a moderate growth estimate of 5%, which is increasing since the FDA approval of IQOS.
Philip Morris International is 4.5% of The Good Business Portfolio (a full position). The company has steady growth and has the cash it uses to increase the dividends