Philip Morris to Cut Stake in Indonesian Unit, Could Raise Over $1b

(NYSE:PM) plans to dispose shares worth $1 billion from its Indonesian unit. The 52-week high of the share price is $90.25 and the 52-week low is $75.27.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Calantzopoulos Andre, Officer (Chief Executive Officer) of Philip Morris global Inc., had unloaded 30,000 shares at an average price of $82.8 in a transaction dated on February 19, 2015. On the contrary, it will bring in additional finances Philip Morris worldwide Inc.

Philip Morris stock closed 0.04% higher at $81.20 on Monday. Let’s take a closer look at how Philip Morris global earned the strong reputation among dividend investors that it has now. (PMI) is a holding company. Recently, Philip Morris International’s dividend growth has slowed, as earnings have taken a hit from the strong dollar and other challenges in the industry. The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.14 billion. Indonesia’s economy expanded during the first quarter by 4.71% in comparison to the same period one year ago. Many companies simply pay dividends based on their past payout history, paying little attention to how those payments relate to the success of the underlying business. The Indonesian market is the second largest market in the world for cigarettes, trailing just China. The Company’s products are sold in more than 180 markets, which include a range of worldwide and local, premium, mid-price and low-price brands. Elvira Lianita, Sampoerna’s head of regulatory affairs, and Iro Antoniadou, a spokeswoman for Philip Morris, declined to comment on Monday. Its local cigarette brands consist of Sampoerna, Dji Sam Soe and U Mild in Indonesia; Fortune, Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russian Federation; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.