Invest
Philip Morris: How to put its 6% yield on steroids
By New Academy of Finance  •  August 7, 2020
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...
Read the full article
By New Academy of Finance
I have got no sob-stories to entertain ya. I am just a regular joe, happily married, with two “highly energetic” young boys that can never seem to settle down! Life is peaceful, or if you wish to put it with a tad of negative connotation to it, BORING. Some say boring is good!
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance