Philip Morris International Inc . Increases Dividend by 6.4% to an Annualized Rate of $4.00 Per Share; Announces Elections to Board of Directors
Wipro Awarded 5 Year Strategic Infrastructure Management Contract by Philip Morris International
Our top managers continue to focus on higher-quality businesses, with dividend-paying stocks like Philip Morris International rising to the forefront during the most recent period.
We don't expect to make any significant changes to our fair value estimate for Altria MO following the release of fourth-quarter and full-year results by the firm. While the company's core tobacco franchises, Philip Morris USA and Philip Morris International , performed well in 2006, Altria's ...
Amid the current challenging environment for defensive names, we see several opportunities for long-term investment in wide-moat companies at reasonable discounts.
We think this wide-moat firm has room to improve its operational efficiency.
Our top managers continue to focus on higher-quality businesses rather than seeking out bargains in a market that (in many of their minds) has become fully valued.