Bristol-Myers Squibb Maintains Common Stock Dividend

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Bristol-Myers Squibb (NYSE: BMY  ) has elected not to veer from its existing dividend policy for now. The company declared a fresh pair of distributions, chiefly a common stock payout of $0.35 per share. This will be dispensed on November 1 to shareholders of record as of October 4. That amount matches the firm's three previous disbursements, the most recent of which was paid at the beginning of August. Prior to that, Bristol-Myers Squibb was marginally less generous, handing out $0.34 per share.

The company also declared a payout on its $2.00 convertible preferred stock. This is to be $0.50 per share, payable on December 2 to holders of record as of November 8.

The just-declared common stock dividend annualizes to $1.40 per share. That yields 3.1% at Bristol-Myers Squibb's most recent closing stock price of $45.40.

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  • Report this Comment On September 17, 2013, at 7:50 PM, chris293 wrote:

    The revenue seems to be falling, but the dividend should be safe this year. You never know what is in the pipeline but if memory is serving me right, I thought I saw that BMY does have a number new drugs undergoing testing by the FDA.

  • Report this Comment On September 18, 2013, at 4:27 PM, TMFVolkman wrote:

    chris293, we should never underestimate the power of tradition with certain companies. BMY has a long streak of dividends behind it, and its payout has gradually risen over the years. I have a feeling that, barring any emergency at the company, they'll continue with that habit for a long time to come.

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