Company: Philip Morris International Inc. (PM)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heatsticks, vapes, and oral nicotine offerings primarily outside of the US. With the 2022 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI has not only diversified away from smokeable products but also gained a toehold into the US to sell its iQOS heatsticks. -Morningstar.com-
Symbol: PM
Recent Price: $114.87
Dividends: $5.20
Yield: 4.53%
Sector: Consumer Defensive
Industry: Tobacco
Address & Company Phone #: 120 Park Ave. New York NY 10017, 917-663-2000
Transfer Agent: Computershare 877-745-9350
Moody’s Rating: A2
Minimum & Maximum Investment: $50 – $250,000/year
Investment Dates: Every Tues. & Thurs.
Shares to Qualify: 1 Share or $500
Fees: Div.: 5% of amount invested up to $5 Max Cash: $5+5¢/sh. Cert: $0! Sells: by Mail, Fax or Phone for $25+12¢/sh.
52 Week High & Low: $101.92, $87.23