Philip Morris: Shift To Smoke-Free Sparks Steady Dividend Growth
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Philip Morris International is focusing on becoming 66% smoke-free by 2030, leveraging acquisitions and high-margin products to boost profits and mitigate regulatory risks. The company shows strong financials with a 4.5% dividend yield and plans for buybacks by 2026.
January 07, 2025 | 6:00 am
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Philip Morris International is focusing on smoke-free products, aiming for 66% smoke-free by 2030. The acquisition of Swedish Match and US IQOS rights enhances its portfolio, with strong revenue growth and a 4.5% dividend yield.
Philip Morris's strategic shift towards smoke-free products and recent acquisitions are likely to enhance its growth prospects and profitability. The strong financial performance and dividend yield further support a positive outlook.
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