This Dividend Stock Is a Smoking Deal
It's no secret that society has slowly been snuffing out cigarette smoking as a habit. That societal trend makes tobacco companies like Philip Morris International (NYSE: PM) look like "dying" stocks to investors. An indicator of this is the fact that the stock is still trading near the same price it did in 2012.
But a new business around reduced-risk tobacco products is developing somewhat under the radar at Philip Morris International (PMI), giving the company a new shot at a bright future and investors a well-supported dividend that currently yields 5.8%.
Let's look at three reasons why this stock has some real potential at the moment.
Source Fool.com
