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Philip Morris: 5% Yield Is A Good Starting Point

For investors looking for income, the cigarette space has always been a good place to be. I've spent plenty of time covering industry giant Philip Morris (NYSE:PM), which has an annual yield near 5.00% currently. 2015 is going to be a weak year for the name, mostly thanks to the strength in the US dollar, so I expect shares to be pressured in the short-term. If the yield on this name climbs above 5.00%, investors might want to consider the stock. Today, I'll look at where things…