Bristol-Myers Squibb (NYSE:BMY) is preparing two doses of cash for its shareholders. The pharmaceutical giant has declared a quarterly common stock dividend of $0.35 per share, to be handed out on Aug. 1 to shareholders of record as of July 5. That amount matches both of the company's previous two payouts, the most recent of which was disbursed at the beginning of May.

Bristol-Myers Squibb also declared a quarterly distribution of $0.50 per share of its convertible preferred stock. Payment will be on Sept. 3 to holders of record as of Aug. 9.

The common-stock dividend annualizes to $1.40 per share. That yields just over 3% at Bristol-Myers Squibb's most recent closing stock price of $46.05.

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