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.

The article Bristol-Myers Squibb Maintains Common Stock Dividend 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 may not 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.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.