Bristol-Myers Squibb Declares Fresh Dividends
Bristol-Myers Squibb 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.
The article Bristol-Myers Squibb Declares Fresh Dividends originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Bristol-Myers Squibb. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.