Money and Finance
I'm surprised I haven't posted an analysis on Phillip Morris yet, but somehow it's slipped through the cracks. Phillip Morris is only a dividend challenger, but going back to the days of being part of the beast that included Kraft and Altria, the culture of increasing dividends is in place. And we can't really fault them for increasing the dividend every year since being spun off in 2008. Phillip Morris closed trading on June 26th at $87.54.
Company Background (sourced from Yahoo! Finance):
Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. The companys portfolio of international and local brands include Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. It also owns various local cigarette brands, such as Sampoerna, Dji Sam Soe, and U Mild in Indonesia; Fortune, Champion, and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. The company sells its products in approximately 180 countries in the European Union, Eastern Europe, the Middle East, Africa, Asia, Latin America, and Canada.
Read more »
- Links
Shane Parrish talks to Philip Tetlock on The Knowledge Project (LINK) Related book: Superforecasting: The Art and Science of PredictionGoogle and NASA Hope Lightning-Fast Computers Will Unlock the Secrets of Nature [H/T Matt] (LINK) Ian Morris'...
- What's Been Causing My Frustration: Rental Propportunity
The name of my blog is Passive-Income-Pursuit and up until now it's been focused solely on investing in some of the best companies in the world in search of dividends and dividend growth. Well it's time to branch out a bit to cover another form...
- Recent Buy
After adding to my Target position, I also initiated a new position in Phillip Morris (PM) this morning by picking up 25 shares at $84.43 each. If I was able to be near my computer at the open this morning I would have been able to get the shares a...
- Weekly Roundup - September 15, 2012
Well another week is in the books so that means it's time for another weekly roundup of blog links and articles that got me thinking. So here goes. Trading Vs. Investing Dividend Mantra wrote about the difference between trading and investing...
- The Wine Cellar - The Remarkable True Story Of A $146,194-per-year Income Portfolio
Brian Richards reports on the science fiction writer Hayford Peirce's $146,194 per year Income portfolio. It is a concentrated high yield portfolio: Three common stocks (Altria, J&J, Philip Morris International)Nine master limited partnerships...
Money and Finance
Phillip Morris (PM) Dividend Stock Analysis
I'm surprised I haven't posted an analysis on Phillip Morris yet, but somehow it's slipped through the cracks. Phillip Morris is only a dividend challenger, but going back to the days of being part of the beast that included Kraft and Altria, the culture of increasing dividends is in place. And we can't really fault them for increasing the dividend every year since being spun off in 2008. Phillip Morris closed trading on June 26th at $87.54.
Company Background (sourced from Yahoo! Finance):
Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. The companys portfolio of international and local brands include Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. It also owns various local cigarette brands, such as Sampoerna, Dji Sam Soe, and U Mild in Indonesia; Fortune, Champion, and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. The company sells its products in approximately 180 countries in the European Union, Eastern Europe, the Middle East, Africa, Asia, Latin America, and Canada.
Read more »
- Links
Shane Parrish talks to Philip Tetlock on The Knowledge Project (LINK) Related book: Superforecasting: The Art and Science of PredictionGoogle and NASA Hope Lightning-Fast Computers Will Unlock the Secrets of Nature [H/T Matt] (LINK) Ian Morris'...
- What's Been Causing My Frustration: Rental Propportunity
The name of my blog is Passive-Income-Pursuit and up until now it's been focused solely on investing in some of the best companies in the world in search of dividends and dividend growth. Well it's time to branch out a bit to cover another form...
- Recent Buy
After adding to my Target position, I also initiated a new position in Phillip Morris (PM) this morning by picking up 25 shares at $84.43 each. If I was able to be near my computer at the open this morning I would have been able to get the shares a...
- Weekly Roundup - September 15, 2012
Well another week is in the books so that means it's time for another weekly roundup of blog links and articles that got me thinking. So here goes. Trading Vs. Investing Dividend Mantra wrote about the difference between trading and investing...
- The Wine Cellar - The Remarkable True Story Of A $146,194-per-year Income Portfolio
Brian Richards reports on the science fiction writer Hayford Peirce's $146,194 per year Income portfolio. It is a concentrated high yield portfolio: Three common stocks (Altria, J&J, Philip Morris International)Nine master limited partnerships...