All investors strive for financial peace of mind. This can be achieved by growing the passive income that a portfolio provides to a level that is above monthly household expenses.

My favorite vehicle to generate passive income is dividend growth stocks. That is because a basket of well-selected dividend growth stocks can maintain or improve an investor's standard of living over time through payout increases.

The tobacco giant Philip Morris International (NYSE: PM) has grown its dividend for 14 consecutive years. This raises the following question: Is the stock still an attractive buy for yield-oriented investors? Let's dig into Philip Morris International's fundamentals and valuation to answer this question.

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Source Fool.com