This 5% High-Yield Stock Has More to Offer Investors
Like most tobacco companies, Philip Morris International (NYSE: PM) pays a hefty dividend. Buy shares today, and you'll get more than 5% of your initial investment back each year in dividend yield.
That's a solid catch for income-focused investors, but the stock's been pretty disappointing otherwise. Today, the stock trades at the same price as a decade ago, so if you like some share price appreciation with your dividends, sorry!
But Philip Morris is a much different company today than even a year ago, and the irons it has in the fire signal a much brighter future for shareholders. Investors should consider adding Philip Morris to their portfolio for the next 10 years. Here's why.
Source Fool.com
