Philip Morris outpaces Altria in dividend growth with a strong smoke-free product push.

Philip Morris and Altria both recently raised their dividends, but Philip Morris shows stronger growth potential with its expanding global smoke-free product line, driving revenue and earnings growth. Philip Morris targets 9%-11% annual EPS growth through 2028, while Altria faces challenges from a shrinking U.S. cigarette market and slower growth. Altria offers a higher current yield, appealing to retirees needing immediate income, but Philip Morris is favored for long-term dividend growth and portfolio growth potential. Investors should watch Philip Morris's deleveraging and product approvals, and Altria's market share and e-vapor strategy.

As investors weigh the long-term growth potential of Philip Morris against Altria's higher dividend yield, the market shows distinct preferences. On Pluang, Philip Morris trades at USD 188.44 with a dividend yield of 3.34% and a typical hold time of 84 days, while Altria is priced at USD 68.14 with a 6.45% yield and longer hold time of 153 days. As of Sep 25, 2026 21:33 WIB, Pluang order activity favors buying Philip Morris at 68%, whereas 74% of orders for Altria are sells, highlighting differing investor strategies.