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Don't Buy Philip Morris Stock. Here Are 2 Better Dividend Payers To Buy Now

Philip Morris International (NYSE: PM), the overseas tobacco giant spun off from Altria in 2008, is often considered a dependable dividend stock for long-term investors. The S&P 500 generated a total return of nearly 70% during the same period. For decades, the tobacco industry offset declining smoking rates with price hikes, cost-cutting measures, and buybacks to squeeze steady profits from its sluggish sales growth.