3 Reasons to Buy Philip Morris International Stock After Its Investor Day
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.
Source Fool.com