This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Blue-Chip Stocks Ready to Boost Dividends

Stocks in this article: MRK PM UNP FITB AMTD

Philip Morris International

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

It's been a good year for shareholders of Philip Morris International (PM) in spite of the resilience that the U.S. dollar has shown in 2012. Shares of the tobacco company have risen close to 17% since the first trading day in January, adding onto what amounts to a 3.3% dividend yield right now.

PM is the prototypical "sin stock," and for dividend investors, that's a very good thing; it means that the firm sports recession-resistant sales, brand loyalty and a strong dividend payout.

>>5 Stocks Insiders Love Right Now

Philip Morris International spun off from Altria (MO) back in 2008, separating the firm's U.S. and international operations into distinct companies. PM, the international arm, is by itself the second-largest tobacco company in the world, selling popular brands like Marlboro, L&M, and Parliament to smokers around the world. In addition to mature markets in Western Europe, PM has been chasing high-growth in markets like India, Thailand and Eastern Europe.

Because Philip Morris International earns its revenue in foreign currencies, then converts it to dollars for reporting purposes, the firm is very susceptible to exchange-rate losses as an appreciating dollar cuts away at the firm's earnings. So far, emerging market growth has managed to keep PM's sales a step ahead of currency problems -- and keep the firm's dividend climbing. The firm looks ready for a hike to its 77-cent payout.

I also featured Philip Morris recently in " 5 Rocket Stocks You Should Buy."

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs