This Monster Dividend Growth Stock Is Up 86% in the Last Year
The tobacco sector had been left for dead by investors. Volume declines drove earnings ratios lower, while mandates for investing with an environmental, social, and governance (ESG) mindset kept many investors away from the stocks. No longer.Now, the category is making a comeback. Not because of cigarettes but due to the rising growth of new-generation nicotine products such as nicotine pouches. The clear leader in this space is Philip Morris International (NYSE: PM), which has 42% of net revenue coming from this fast-growing category. Unsurprisingly, the stock is up 86% in the last 12 months, putting up some monster returns for shareholders.Here's how its dividend growth can continue into the future.Continue reading
The tobacco sector had been left for dead by investors. Volume declines drove earnings ratios lower, while mandates for investing with an environmental, social, and governance (ESG) mindset kept many investors away from the stocks. No longer.
Now, the category is making a comeback. Not because of cigarettes but due to the rising growth of new-generation nicotine products such as nicotine pouches. The clear leader in this space is Philip Morris International (NYSE: PM), which has 42% of net revenue coming from this fast-growing category. Unsurprisingly, the stock is up 86% in the last 12 months, putting up some monster returns for shareholders.
Here's how its dividend growth can continue into the future.
