Philip Morris: Growing Earnings Support A Growing Dividend

Dividend Appreciator 3.19K Followers Follow Summary Philip Morris offers a secure, above-market dividend yield with robust, near double-digit growth potential for years to come. Recent Q2 results were strong, supporting strong EPS guidance and ongoing investment in Next Generation Products. PM's valuation is elevated versus peers, but profitability and momentum remain strong. I maintain a bullish stance for conservative and dividend-growth investors alike, despite quant caution on valuation. Tatyana Berkovich/iStock Editorial via Getty Images Where can I find a decent, safe yield with robust growth, you ask? My answer is look no further than Philip Morris International Inc. ( PM ). The company offers a very secure dividend This article was written by Dividend Appreciator 3.19K Followers Follow I have been an investor for a number of years mainly focusing on dividend paying companies. I think dividends and, perhaps more importantly, the growth of them, are foundational for high risk-adjusted long term returns. My approach is therefore to focus on stocks that either pay stable and high dividends and/or are increasing them at a high rate. By contributing as an analyst on Seeking Alpha, I force myself to analyze companies in depth as well as having to formulate my arguments in a compelling way. That is likely to improve my own investing process as well as helping fellow investors in the Seeking Alpha community. Getting valuable feedback from readers also helps to improve my knowledge about investing. Analyst’s Disclosure: I/we have a beneficial long position in the shares of PM, BTI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.