JAPAF - Philip Morris' Investments Are Finally Paying Off

• Philip Morris has paid a rising dividend every year since the spin-off in 2008.
• After a couple of stellar years the growth rate slowed down from 2015.
• The last five or so years have been marked by unfavourable currencies and major investments into Reduced Risk Products.
• It now looks like Reduced Risk Products has major momentum and that the investments of the last few years are really starting to pay off.

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