Philip Morris: Position Increase By 50% For The Dividend Yield Passive Income Portfolio

On the last trading day of the week, I decided to buy additional shares of the cigarettes maker Philip Morris. The current position is up 4.77 percent but I believe it’s not too expensive with a forward P/E of 15.07. The current yield is at 4.19 percent, a ratio above the market average. I purchased 10 shares and increased the current stake by 50 percent to 30 shares. The acquisition price...

Posted in: Best Dividend Stocks