Wednesday, September 30, 2015

Recent Buy: Philip Morris International



Sep 25, 2015: Bought 34 shares of PM at $81.27 per share.

Headquartered in New York City, Philip Morris International Inc (NYSE:PM) is the leading international tobacco company, with 7 of the world's top 15 international brands, including Marlboro, the number one cigarette brand worldwide. The company’s products are sold in more than 180 markets outside of the United States. PM was incorporated in 1987.

PM is a Dividend Challenger with a streak of 7 consecutive years of dividend increases. It pays quarterly dividends of $1.02 per share in the months of March, June, September and December.


PM is an existing holding. I first bought shares of PM in August 2014, picking up 31 shares at $81.29 per share and at a YoC of 4.63%. This time, my buy price of $81.27 results in an initial yield on cost (YoC) of 5.02%.

34 shares of PM adds $138.72 to DivGro's projected annual dividend income.

Note: this post is a placeholder for a more thorough analysis of PM. Please check back soon! 

14 comments :

  1. Nice purchase, FerdiS. PM has perpetually been on my watchlist but some of the overall trends and conflicting reports stop me from pulling the trigger. Congrats on adding $138 to your div income.

    R2R

    ReplyDelete
    Replies
    1. Sorry for the delay in responding... You've got to love $138 of dividend income, right!

      PM is not for everyone. There is the tobacco, aspect, of course...

      Delete
  2. Nice buy there! I was just debating with myself to buy some shares, but another great stock won the race this time. It will remain on my watch list and I hope to pull the trigger one day.

    Congrats on your purchase, but I hope you do not use any of their products :)

    Best wishes, DfS

    ReplyDelete
    Replies
    1. Sorry for the delay in responding...

      Thankfully, I'm and ex-smoker. I quite smoking when my first son was born. So did my dad.

      Delete
  3. Nice buy! PM is a foundation to my portfolio. Perhaps one day I'll add some more but I am still looking at the oil/energy patch for some bargains. I have a buy order in for KMI at $25. Might need to adjust, but I'd love to get some more of them at that price.

    ADD

    ReplyDelete
    Replies
    1. Sorry for the delay in responding...

      I think PM is a solid dividend growth stock. Just today I posted about a recent buy in oil/energy (XOM). Certainly some bargains out there (assuming the price of crude oil is stabilizing now...)

      Delete
  4. Great purchase FerdiS, the numbers for PM is surely looking strong. Looking forward reading the thorough analysis!

    - mraitn

    ReplyDelete
    Replies
    1. Sorry for the delay in responding...

      I took some time off blogging for the last month or so. Things are quite busy at work, plus my parents visited us. Time spent with them was more important than blogging :-). All just to say that I haven't completed the thorough analysis of PM quite yet.

      Delete
  5. Great buy FerdiS. PM is 5% of my portfolio and my cost basis is $78 so I am waiting for chance below that to add.

    ReplyDelete
    Replies
    1. Sorry for the delay in responding...

      $78 is an excellent cost basis! If PM drops down to that level, I'd be interested in picking up even more shares!

      Delete
  6. PM has been a long time hold in my portfolio. Haven't added to it in a long time but maybe I should put it back on my radar. Nice buy and current yield!

    ReplyDelete
    Replies
    1. Sorry for the delay in responding... I wonder if you added, 'cause now it seems like the opportunity is slipping away. Some nice gains in recent weeks...

      Delete
    2. No PM for me at this time. In fact I still haven't made an October buy yet. For now I'm looking at the industrial sector with CAT and EMR topping my list.

      Delete
    3. Thanks for replying... CAT looks like a good opportunity to add shares. (I don't own EMR)

      Delete

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