Sustaining Growth Momentum: Philip Morris Intl Continues to Excel and Reports Rising Profits
Portfolio Pulse from Benzinga Insights
Philip Morris Intl (NYSE:PM) is distributing a dividend of $1.30 per share today, with an annualized yield of 5.71%. The company has shown growth in dividend per share from $4.74 in 2020 to $5.14 in 2023, and an increase in earnings per share from $5.14 to $6.04 over the same period. This suggests a strong financial health and potential for continued profit distribution. Altria Group (NYSE:MO) has a higher annualized dividend yield of 9.36% among industry peers.
January 10, 2024 | 3:05 pm
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POSITIVE IMPACT
Philip Morris Intl is paying a dividend of $1.30 per share today with a solid annualized yield of 5.71%, indicating a positive trend in financial health and commitment to shareholder returns.
The consistent increase in dividends and earnings per share over the past years suggests that Philip Morris Intl is in a strong financial position, which is likely to be viewed positively by investors. This could lead to a short-term increase in stock price as it reflects the company's ability to sustain and potentially increase shareholder value.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
Altria Group has the highest annualized dividend yield at 9.36% among industry peers, which may attract investors looking for high dividend yields.
While Altria Group is mentioned as having a higher dividend yield than Philip Morris Intl, there is no specific news about the company's dividends or financial health in the article. Therefore, the impact on its stock price is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50