1. Altria's stock price has risen by over 14% since the last article was written; 2. The increase is notable, especially considering the overall market context; 3. The stock's rise is driven by a Q3 earnings surprise and the rising market share of NJOY vapes.

1. Philip Morris International has raised its dividend by 3.8% to $5.40/share annually, but the author rates the stock as a Hold due to limited upside potential. 2. Despite $49.15 billion in debt, PM's dividend is safe, supported by strong free cash flow. 3. Smoke-free products now contribute 38.3% of revenues, with a goal of over two-thirds by 2030, driving future growth.