03-12-2015, 12:22 PM
PM currently pays out $4 per share in dividend.
PM made $4.76 per share last year.
PM is forecasted by most analyst to make $4.20-4.80 per year over the next two years.
If you look at their Income Statement, Balance Sheet, and Cash Flow Statements, they have been loading up on debt, with long term debt up to about 2.5 times pre tax income. If PM has to cut something, I am sure they would stop their stock repurchase program before changing their dividend program.
This stock could do very well if the dollar reverts to a historical norm in value, but there are risks while the dollar is so strong. On the other hand, a current yield of 5.15% could make the wait better.
We will find out a lot more in next weeks presentation.
http://finance.yahoo.com/news/philip-mor...00645.html
PM made $4.76 per share last year.
PM is forecasted by most analyst to make $4.20-4.80 per year over the next two years.
If you look at their Income Statement, Balance Sheet, and Cash Flow Statements, they have been loading up on debt, with long term debt up to about 2.5 times pre tax income. If PM has to cut something, I am sure they would stop their stock repurchase program before changing their dividend program.
This stock could do very well if the dollar reverts to a historical norm in value, but there are risks while the dollar is so strong. On the other hand, a current yield of 5.15% could make the wait better.
We will find out a lot more in next weeks presentation.
http://finance.yahoo.com/news/philip-mor...00645.html