Investing for Income 

Philip Morris relying on e-alternatives

Philip Morris relying on e-alternatives
  • Dividend policy: “No formal policy. Dividends are theprimary use of our operating cash flow, after capitalexpenditures, and, in making its decision on dividends, the board takes into consideration a variety of factors, including a commitment to generously reward shareholders over time.”
  • Forward yield: 5.3 per cent.
  • Payment: Quarterly.
  • Last cut: Has increased its annual dividend every year since the shares were listed in 2008.

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