Philip Morris International Inc. (PM) just declared $1.07 quarterly dividend. This is an increase of 2.9% from $1.04.
I own 43 shares, so this will increase my annual dividend income by $5.16 to $4,183.66
PM is a great company and I am very happy to own some shares. I see they will continue to grow and continue raising their dividend for shareholders. PM is currently a full position in my portfolio. I have been doing great with PM. I am up 39.47% and I have a yield on cost of 4.96%. I am currently using PM dividends to buy shares of other companies that I feel are undervalued right now.
I currently think that PM is overvalued and do not recommend buying any shares at this time. My current recommendation for PM is a HOLD.
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