Philip Morris (NYSE:PM) is a steady-as-she-goes dividend king, churning out payments quarter after quarter. But that doesn't mean that there aren't risks facing this company today. The landscape for tobacco companies is only getting more difficult, and that means that Philip Morris's dividend could come under pressure going forward.

Austin Smith owns shares of Philip Morris International. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.