Early Retirement Portfolio: 5 Stocks to Live Off Dividends Revisited

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

Dividend Yield as of December 26: 5.58%

Philip Morris International Inc. (NYSE:PM) is primarily involved in the manufacturing and sale of tobacco products, including cigarettes, heated tobacco products, and other nicotine-containing products. The company maintains a 14-year streak of consistent dividend growth and offers a quarterly dividend of $1.30 per share. As of December 26, the stock has a dividend yield of 5.58%.

As of the end of the September quarter of 2023, 62 hedge funds tracked by Insider Monkey owned stakes in Philip Morris International Inc. (NYSE:PM), growing from 54 in the preceding quarter. The total value of these stakes is over $4.7 billion.

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