Philip Morris International (NYSE: PM) is a famous dividend stock because of its consistently high yield, currently at 5.6%. The company recently held an investor event where it laid out the plans for its long-term future.

While tobacco use is declining, Philip Morris is balancing its business of the past with opportunities to grow via smokeless products in the coming years. Long-term investors can consider buying the stock based on three crucial takeaways from the event.

Here's what you need to know.

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Source Fool.com