real-time news and commentary for investors
Friday, Sep 20
Philip Morris is still a dividend champ
- The time was ripe for Philip Morris(PM +0.2%) to increase its dividend payout rate when it announced a boost earlier this month, according to Dividend Channel.
- A chart of the company's dividend hike show a nice little staircase extending higher and higher with regular September actions.
- The goings-on at Philip Morris have some relevance for the Consumer Staples ETF (XLP) with 9.45% of the fund's assets invested in the tobacco concern.