MO dividend yield: 9.11%. PM dividend yield: 4.27%. Altria is a Dividend King with 54+ consecutive years of dividend increases — one of the longest streaks in American corporate history. While cigarette volumes decline, pricing power and new product categories (oral nicotine pouches via NJOY) support cash flows. The near-9% yield is among the highest in the S&P 500. Philip Morris International operates outside the US with an accelerating shift to smoke-free products. IQOS heated tobacco and ZYN nicotine pouches now represent 40%+ of revenue. PM has raised its dividend 16+ consecutive years since spinning off from Altria in 2008. The company targets $15B+ in smoke-free revenues by 2030.
Altria is a Dividend King with 54+ consecutive years of dividend increases — one of the longest streaks in American corporate history. While cigarette volumes decline, pricing power and new product categories (oral nicotine pouches via NJOY) support cash flows. The near-9% yield is among the highest in the S&P 500.
Philip Morris International operates outside the US with an accelerating shift to smoke-free products. IQOS heated tobacco and ZYN nicotine pouches now represent 40%+ of revenue. PM has raised its dividend 16+ consecutive years since spinning off from Altria in 2008. The company targets $15B+ in smoke-free revenues by 2030.
MO currently offers a 9.11% yield (4.08/share/year) while PM offers 4.27% (5.40/share/year). MO provides higher current income. However, MO has grown its dividend faster (4.3% 5Y CAGR), which may lead to better long-term income through compounding.
How much would $10,000 in MO vs PM earn per year?
With $10,000 invested today: MO pays approximately $911/year. PM pays approximately $427/year. With DRIP reinvestment over 10 years, these grow to $4,053/year (MO) and $722/year (PM).
Does MO or PM pay monthly dividends?
MO pays quarterly dividends. PM pays quarterly dividends. Neither pay monthly — both use a quarterly schedule, which is preferred by investors who need regular cash flow.
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