This Tariff-Proof Dividend King Is Up 70% in the Last Year. Time to Buy?

There's no ignoring it. President Trump's tariffs and trade threats are roiling the markets, sending the S&P 500 into a correction for the first time since 2022. The tariffs announced today were just the latest move fueling investor uncertainty.Meanwhile, consumer sentiment is rapidly falling, and businesses are increasingly fearful as the manufacturing sector just fell into a contraction, according to the March ISM survey. Much of the economy is at risk from tariffs and the impact of a weakening economy. For example, the AI stocks that had driven the bull market of 2023 and 2024 have pulled back substantially, even though their direct exposure to tariffs is limited.However, there are some safe stocks available to ride out the trade war disruption, and one of the best out there is Philip Morris International (NYSE: PM), which is insulated from the tariff uncertainty in a number of ways and also has strong track record of growth. Not only is the stock up 69% over the last year as of April 2, but it's also a reliable dividend payer with a dividend yield of 3.4% currently. Including its history before it split from Altria in 2008, the stock is a Dividend King, having raised its dividend payout every year for more than 50 years. Here are a few reasons why Philip Morris is well positioned to avoid the tariff noise.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool