Will Philip Morris International Raise Its Dividend in 2018?
The tobacco industry is well-known for strong dividend growth, and Philip Morris International (NYSE: PM) has done a good job of living up to the legacy that its former parent company started more than half a century ago. Yet being an internationally focused tobacco giant involves some challenges that domestic industry players don't face, and some of those difficulties have hurt Philip Morris' earnings in recent years. That in turn has slowed its dividend growth, but investors hope that the headwinds that Philip Morris has faced could finally be about to turn around.
Let's take a closer look at Philip Morris and whether it's likely to be in a position to deliver a stronger dividend boost in 2018.
Current Quarterly Dividend Per Share
Source: Fool.com
Philip Morris International Stock
With 9 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 108 € shows a slightly positive potential of 3.37% compared to the current price of 104.48 € for Philip Morris International.
