Is Philip Morris International (PM) Fully Valued Following Its Dividend Rise And Smoke Free Shift?

Dividend increase and smoke free shift put Philip Morris International in focus Philip Morris International (PM) has drawn fresh attention after lifting its regular quarterly dividend to an annualized US$6.40 per share, along with a revenue mix in which smoke free products now account for a substantial share. Recent trading shows that momentum in Philip Morris International has been building, with a 90 day share price return of 7.10% and a year to date share price return of 20.87%. Investors have responded to the dividend hike, the smoke free revenue mix and the upcoming American Growth Summit appearance, alongside a 1 year total shareholder return of 23.18% and very large 3 and 5 year total shareholder returns.