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PM - Philip Morris International: Growing Income Investment With Yield Of 7.7% And An Inelastic Product
Philip Morris International Inc
Philip Morris International (PM) is a buy for the dividend income investor that 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 6% that is increasing since the FDA approval of IQOS.
Philip Morris International is 4.8% of The Good Business Portfolio (a full position). The company has slow growth and has the cash it uses to increase the dividends each year.