Is Philip Morris International a Reliable Dividend Stock?
Historically, tobacco companies have been among the highest-returning investments in the stock market. According to a Credit Suisse report, tobacco was the best-performing sector of the 20th century.
It's a business that benefits from high profit margins, an addictive product, and relatively little spending on research and development. That profile has made tobacco stocks popular with many income investors, given that they tend to offer increasing dividends, high yields, and return most of their profits to shareholders.
Image source: Philip Morris.
Source Fool.com
