In today's edition, Austin looks at Philip Morris (NYSE:PM) through the lens a of buy, sell, or hold filter. As a shareholder, Austin continues to remain bullish on the company. Major reasons for his enthusiasm include its strong dividend, a relatively low payout ratio, the Marlboro brand, and a track record of strong free cash flow. In an industry where many of the largest and most established companies are seeing weakness, volume declines, and job cuts, Philip Morris stands out as a high-conviction buy.
Many people are enthusiastic about the large yields in the tobacco sector but uncomfortable about the nature of the industry. If you're interested in some of these dividends on your quest for high-yielding stocks but don't like the "sin stock" label, The Motley Fool has compiled a special free report outlining our nine top dependable dividend-paying stocks that don't sell tobacco products. It's called "Secure Your Future With 9 Rock-Solid Dividend Stocks." Access your complimentary copy today at no cost! Just click here to discover the winners we've picked.
Austin Smith owns shares of Philip Morris International. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Philip Morris International. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.
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