Short term thinking has cost investors huge gains in this stock. PM has raised its dividned over 100% since the spinoff and bought close to 30% of its shares back.
I challange anyone to name just one S&P stock that comes close to accomplishing that feat.
V-Visa, But its dividend has averaged about 1% over this time period but it's also growing at better than 20% per year. It's a cash cow that I've recently taken a small position in and is certainly worth a look.