How To Earn $500 A Month From Philip Morris Stock After Dividend Hike
Portfolio Pulse from AJ Fabino
Philip Morris International Inc. (NYSE:PM) has increased its regular quarterly dividend by 2.4%, bringing it to an annualized rate of $5.20 per share. The revised dividend will be payable on Oct. 12 to shareholders on record as of Sept. 27. To earn $500 per month from dividends, an investor would need to hold about 1,181 shares of Philip Morris, costing about $112,360.
September 13, 2023 | 5:52 pm
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Philip Morris has increased its dividend, which could make the stock more attractive to income-focused investors. However, the high number of shares needed to generate significant income may be a barrier for some.
Dividend increases are generally seen as a positive signal by the market, as they suggest a company's confidence in its future earnings. This could lead to increased demand for the stock, potentially driving up the price. However, the high number of shares required to generate significant dividend income may be a barrier for some investors, potentially limiting the impact.
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