5 Best High Yield Stocks To Buy

3. Philip Morris International Inc. (NYSE:PM)

Number of Hedge Fund Holders: 62
Dividend Yield as of December 4: 5.53%

Philip Morris International Inc. (NYSE:PM) is a leading tobacco company engaged in the manufacturing and sale of cigarettes and other tobacco products worldwide. The company has been raising its dividends for the past 15 consecutive years and it currently pays a quarterly dividend of $1.30 per share. The stock has a dividend yield of 5.53%, as of December 4.

Philip Morris International Inc. (NYSE:PM) was a part of 62 hedge fund portfolios at the end of Q3 2023, up from 54 in the previous quarter. The overall value of stakes owned by these hedge funds is over $4.7 billion. With over 15 million shares, Fundsmith LLP was the company’s leading stakeholder in Q3.

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