What Is the Dividend Payout for Philip Morris?
Tobacco company Philip Morris International (NYSE: PM) has increased dividends annually since it was spun off from Altria Group in 2008. The board of directors last raised the payment in October.
It's important to look beyond the current level and past increases, however. While everyone likes higher payouts, particularly dividend-seeking investors, it's imperative for investors to do some digging to see if Philip Morris can sustain the payment.
Philip Morris pays $1.30 a quarter, or $5.20 a year. That equates to a 4.5% dividend yield, more than 3 times the S&P 500's 1.4%.
Source Fool.com
