Phillip Morris CR: Tobacco giant boasts steady growth and more than 8% dividend yield

The tobacco industry is far from being in decline, as it may have seemed a few years after the arrival of e-cigarettes on the market. Phillip Morris products are still in high demand, allowing the company to pay a steady, above-average dividend. What does the company's situation look like on closer inspection?

Company introduction

Phillip Morris International is a subsidiary of Philip Morris ČR a.s., which manufactures, sells, distributes and markets tobacco products in the Czech Republic and Slovakia. The company also distributes smokeless tobacco products under the name HEETS, IQOS tobacco heating systems, IQOS VEEV electronic cigarettes, VEEV pods e-vapor product, Fiit and lil tobacco heating systems and related accessories, as well as cigarettes. It primarily markets its tobacco products under the Marlboro, L&M, Philip Morris, Petra Klasik, Sparta and Chesterfield brands. So I dare say that whether you are a smoker or not, you will be…