In this article, I will be sharing a few ways to further juice up Philip Morris’s dividend yield, which is already at an attractive level of 6% at present. But first some background information on the counter.
Earlier this year, I wrote about Philip Morris as a 5.5% yielding stock that pays almost zero dividend withholding tax for Singaporean investors. Note that here in sunny Singapore, we are slapped with a 30% dividend withholding tax when we purchase US stocks that give dividends.
For example, if the US counter declares a US$1/share dividend, Singaporean investors will only receive US$0.70/share as 30% is being taxed. That is why dividend investing in US stocks is not a particularly popular strategy here in Singapore.
However, in that article, I have shared with my readers why investors in Philip Morris do not need to pay any dividend withholding tax which can be rather substantial for a stock that was yielding...