Daily dividend news for investors in dividend stocks

Top Consumer Company Near 52-Week Low Yields 5.89%: Seeks Redemption In India

Published Wed, 13 Jun 2018 11:40:41 -0400 on Seeking Alpha

Anyone paying even the least amount of attention to the tobacco industry is cognizant of the fact that Philip Morris (PM) is putting a full-court press on getting its IQOS smokeless product to surpass, supplant and replace tobacco products like cigarettes.

Philip Morris Targets India With Its IQOS Product Philip Morris International Inc. is planning to launch its IQOS smoking device in India, four sources familiar with the matter told Reuters, as the tobacco giant seeks a foothold in a country with the world’s second-biggest smoker population.

Source: Philip Morris
According to Philip Morris, the sleek, penlike IQOS heats but does not burn tobacco, producing a nicotine-containing vapor rather than smoke. This makes it less harmful than conventional cigarettes. The company's long-term goal is to one day stop selling cigarettes altogether.

India has stringent laws to deter tobacco use, which the government says kills more than 900,000 people every year. But the country still has 106 million adult smokers, second only to China according to the World Health Organization, making it a lucrative market for Philip Morris to target.
According to a government source, New Delhi would keep an “open mind” if Philip Morris approached it to discuss a device that helped people quit smoking. However, it also added that such devices, including e-cigarettes, could be banned if found to be harmful.
The company wants “to put... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
PHILIP MORRIS INTERNATIONAL 84.64   17.1 4.95 4.56 5.33


Older articles featuring Philip Morris International (PM):
The Retiree's Dividend Portfolio - Jane's April Update: Why You Should Consider Canadian Banks
The Best Dividend Stocks To Buy In Today's Economy
Lanny's April Dividend Income Summary
Dividend Income Update April 2019
The Retiree's Dividend Portfolio - Jane's March Update - Dividend Increases Galore
Road To Financial Independence: New Dividend Record In March
March To Freedom Fund 1st Quarter Update: 12%+ Portfolio Growth And 31% Increase In Dividends
Altria: High-Yielding Income Stock With Share Price Upside
My Dividend Growth Portfolio: Q1 2019 Summary
My 4% Dividend Yield Portfolio: Q1'19 Summary And Plans For The Coming Months