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Philip Morris Boosts Profits 10 Percents

cheap marlboro cigarettesPhilip Morris International Inc. PM -1.93% has increased its quarterly profits by 10 percents as the tobacco heavyweight looks to raise stockholder returns. The eight cent increase brings the tobacco company’s dividend a sum to 85 cents a share. The increase will cost Philip Morris $134.9 million more a quarter. The dividend carries a yield of 3.8 percent based on Tuesday’s closing cost. Dividend yields and strong cash flows drew investors to tobacco companies last year.

In July, Philip Morris declared that its second-quarter profits fell 3.8 percents as the tobacco firm was affected by the stronger dollar and weaker volume in the European Union, though demand remained company in many emerging tobacco markets.

Strong request in Asia, the company’s biggest tobacco market by volume, has encouraged earnings in recent quarters, though the manufacturer of Marlboro and L&M cigs has warned of weaker volume trends in the European Union, with the softness mostly affecting nations in the south like Spain and Italy.

And last month, Philip Morris was among other tobacco industries that failed in their tender to overturn an Australian ordinance forcing them to eject virtually all branding from cigarettes packages, giving a help to other countries planning similar steps.

Shares edged down 48 cents to $87.93 in recent tobacco products trading. The stock is up 33 percents in the past 12 months.

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Jessica Miller is a professional author of many tobacco articles, trained seminars from New York to London contributing to the success of this area in the U.S. At present writes about everything that is interesting especially about cheap cigarettes online store, tobacco related subjects and cigarette effects.

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