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Philip Morris International earned $1.59 per share, raised its dividend, and is shifting to smoke-free products.
Philip Morris International reported second-quarter earnings of $1.59 per share on $8.12 billion in revenue, with a 3.7% dividend yield after raising its quarterly payout to $1.47 per share.
The stock closed at $159.08, trading within a 52-week range of $116.12 to $186.69, and has a market cap of $247.62 billion.
Institutional investors hold 78.63% of shares, and analysts maintain a "Moderate Buy" consensus with a $195.44 target price.
The company continues shifting toward smoke-free products like IQOS and ZYN.
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Philip Morris International ganó $1.59 por acción, aumentó su dividendo, y está cambiando a productos libres de humo.