Why did Philip Morris International stock rise on 8 October?
Written after the close on
Philip Morris International +4.05%
Philip Morris jumped on its dividend raise and smoke-free growth. The likely driver was the recently announced 8.8% dividend increase alongside smoke-free products — heated tobacco and nicotine pouches — now at 42% of revenue, which reinforced the growth-and-income story. The next thing to watch is the late-October quarterly report, where analysts expect modest single-digit earnings growth.
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