Bristol-Myers Squibb Maintains Common Stock Dividend
Bristol-Myers Squibb 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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