Philip Morris

[Harmony Management]

Hello, I am tempted by PM although I find the PER a little high but appreciable yield and good dividend growth. Can this growth be maintained in the coming years in your opinion? Thank you.

[Jerome]

The growth is not too bad indeed, but it is not extraordinary either (5.58%). Other growing dividends do much better. On the other hand, I think that this growth will increase somewhat in the future. And it is true that the yield is interesting. 

What bothers me most about PM is the volatility (28.94%).

[Jerome]

I bought some Philip Morris stock recently. If you are looking to invest in cigarette companies, this may be the most promising company. See for example: http://seekingalpha.com/article/1407921-the-bull-case-for-this-tobacco-company.

 

In my opinion it is a good choice.

 

 

 

[Harmony Management]

Good evening Jerome, I am surprised because the growth of PM's dividend in recent years seems to me much more important than what you mention. Concerning the distribution ratio, on which site is it possible to find it? And what is it for PM currently?

[Jerome]

my bad

you have put your finger on a small bug in the calculation of the growth of the PM dividend 

I corrected it and it will be updated next weekend in my portfolio

for the distribution ratio you can also find it in my portfolio or on dividendinvestor 

it is currently 64%

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