Philip Morris grows with 43% revenue from smoke-free products, offering solid dividends and a 'Buy' rating.

Philip Morris International is expanding its smoke-free product line, which now accounts for 43% of its revenue, driven by strong sales of IQOS, ZYN, and VEEV. The company maintains a solid financial position, a 3.3% dividend yield, and a 17-year streak of dividend growth, making it attractive for growth and income investors. The analyst maintains a 'Buy' rating, highlighting innovation-led margin expansion and double-digit growth potential after a recent stock pullback. This positions Philip Morris as a reliable option for investors seeking steady income and growth in a defensive sector.