Dividend Contenders List: Top 15

11. Philip Morris International Inc. (NYSE:PM)

Dividend Yield as of March 12: 3.57%

Philip Morris International Inc. (NYSE:PM) ranks eleventh on our dividend contenders list. The American multinational tobacco company has been generating strong returns this year, soaring by nearly 25% since the start of 2025. The company has experienced significant growth, largely driven by Zyn, a nicotine pouch brand that replaces traditional tobacco with nicotine powder and flavoring. Since acquiring the brand in late 2022, the company has seen a surge in demand, with Zyn’s sales volume climbing 46.2% in the fourth quarter to 183.8 million cans. This strong performance is expected to continue, as the company projects shipments to reach between 780 million and 820 million cans in 2025, reflecting a 34% to 41% increase from the previous year.

In the fourth quarter of 2024, Philip Morris International Inc. (NYSE:PM) reported strong financial results, with revenue rising 7.3% year-over-year to $9.7 billion. Operating income saw an even greater increase, growing 14.8% to $3.3 billion. The company’s transition toward smoke-free alternatives continues to accelerate, as shipments of heated tobacco units (HTU) and oral nicotine products exceeded 40 billion units in a single quarter for the first time.

Philip Morris International Inc. (NYSE:PM) offers a quarterly dividend of $1.35 per share for a dividend yield of 3.57%, as recorded on March 12. The company has been rewarding shareholders with growing dividends for the past 15 years.