Philip Morris International Inc. · News & developments
Growing Earnings Support a Growing Dividend at Philip Morris
Source: Seeking AlphaNeutral
Seeking Alpha linked Philip Morris's earnings growth with dividend growth. The headline does not provide the dividend amount, payout ratio, increase percentage, or any new capital-allocation announcement.
Why this matters
Dividend growth can improve shareholder cash returns and is relevant to the valuation of a mature consumer company. Without the size of the increase or free-cash-flow coverage, the item is only modestly supportive and does not resolve the existing concern that the share price exceeds the prior $175 fair value.