Date: November 14, 2022
Interest in Tobacco Stocks has considerably declined in the last two decades. However, tobacco companies have historically shown greater resilience to bad economic environments. In addition to that, many tobacco companies are known to pay lucrative dividends.
Therefore, if your moral compass allows, here is one tobacco stock that is worth your consideration in this uncertain market condition:
Philip Morris International
Phillip Morris International is a major player in the tobacco segment and does business in 180 different markets.
With a gross margin of more than 60%, this company’s YoY revenue continues to grow.
As a result, in comparison to the overall market, Phillip Morris stock is still holding strong. So, if a 5.5% dividend yield in combination with strong fundamentals sounds appealing to you, give this stock a look.
