Can Philip Morris Keep Its Dividend Habit?

This morning, Philip Morris International (PM) announced that it would be increasing its quarterly dividend by 2% to $1.04 per share. With the higher dividend, Philip Morris will have a dividend yield of 4.2%. If the operational metrics of the tobacco giant can support this dividend, Philip Morris would be a great pick-up for an income investor.

One of the first headwinds in sustaining the Philip Morris dividend is earnings growth. Earnings have been declining for the company over the past several quarters....268 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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