Philip Morris: The Pullback Is A Gift For Long-Term Investors
Philip Morris International is positioning itself as a growth and income investment through its expanding smoke-free product offerings. These products now account for 43% of the company's revenue, showing significant growth potential. With a solid balance sheet and a consistent dividend yield, Philip Morris is appealing to long-term investors.
- ▪Philip Morris International's smoke-free products represent 43% of its revenue.
- ▪The company has seen robust growth from its smoke-free brands such as IQOS, ZYN, and VEEV.
- ▪Philip Morris has maintained a 3.3% dividend yield and 17 years of dividend growth.
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