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High-Yielding Philip Morris Positioning For Long Haul

May 05, 2021 10:19 PM ETPhilip Morris International Inc. (PM)26 Comments
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  • Philip Morris International Inc is a rock-solid income generation opportunity with strong forward-looking dividend coverage, in our view.
  • The company's outlook is supported by surging sales of its alternative tobacco products, with an eye towards its IQOS offering.
  • Philip Morris is a tremendous free cash flow generator and ongoing improvements in its cost structure further supports its outlook.
  • Management increased Philip Morris' full-year guidance for 2021 during the company's latest earnings report.

hand of woman with e-cigarette
Photo by Neydtstock/iStock via Getty Images
By Callum Turcan

Tobacco companies have been in the headlines recently as the Food and Drug Administration (‘FDA’) is reportedly moving to ban menthol cigarettes and flavored cigars in the US. With that in mind, please

This article was written by

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We offer subscriptions and exclusive newsletters. Visit our website at www.valuentum.com for more information. Valuentum is an independent investment research publisher, offering premium equity reports and dividend reports, as well as commentary across all sectors/companies, a Best Ideas Newsletter (spanning market caps, asset classes), a Dividend Growth Newsletter, modeling tools/products, and more. Valuentum is based in the Chicagoland area. Valuentum is not a money manager, broker, or financial advisor. Valuentum is a publisher of financial information. Please read our Disclaimer that applies to all articles published on Seeking Alpha: http://www.valuentum.com/categories/20110613. Follow us on Twitter: @Valuentum

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Callum Turcan does not own shares in any of the securities mentioned above. Philip Morris International Inc (PM) is included in Valuentum's simulated High Yield Dividend Newsletter portfolio. Some of the other companies written about in this article may be included in Valuentum's simulated newsletter portfolios. Neither Valuentum nor any of its affiliates own shares of PM. Contact Valuentum for more information about its editorial policies.

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