Bristol Myers Squibb Announces Dividend Increase

Rhea-AI Summary

Bristol Myers Squibb (BMY) has declared a quarterly dividend of $0.60 per share on its common stock, representing a 5.3% increase over last year's rate. The annual dividend rate for the fiscal year 2024 is $2.40 per share. This marks the 15th consecutive year of dividend increases and the 92nd consecutive year of paying dividends.

Positive

• 15th consecutive year of dividend increases
• 92nd consecutive year of paying dividends

Negative

• None.

PRINCETON, N.J.--(BUSINESS WIRE)-- Bristol Myers Squibb (NYSE: BMY) today announced that its Board of Directors has declared a quarterly dividend of sixty cents ($0.60) per share on the $0.10 par value common stock of the company. The dividend is payable on February 1, 2024, to stockholders of record at the close of business on January 5, 2024.

This quarterly dividend represents a 5.3% increase over last year’s quarterly rate of fifty-seven cents ($0.57) per share. At this quarterly dividend rate, subject to the normal quarterly review by the Board of Directors, the annual dividend rate for the fiscal year 2024 is $2.40 per share. This marks the 15^th consecutive year that the company has increased its dividend and the 92^nd consecutive year that the company has paid a dividend.

In addition, the Board of Directors has declared a quarterly dividend of fifty cents ($0.50) per share on the company’s $2.00 convertible preferred stock, payable on March 1, 2024, to stockholders of record at the close of business on January 30, 2024.

About Bristol Myers Squibb Company

Bristol Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop, and deliver innovative medicines that help patients prevail over serious diseases. For more information about Bristol Myers Squibb, visit us at BMS.com or follow us on LinkedIn, Twitter, YouTube, Facebook, and Instagram.

corporatefinancial-news

View source version on businesswire.com: https://www.businesswire.com/news/home/20231206655682/en/

Media:

media@bms.com



Investors:

investor.relations@bms.com

Source: Bristol Myers Squibb

FAQ

What is the dividend per share declared by Bristol Myers Squibb (BMY)?

Bristol Myers Squibb (BMY) has declared a quarterly dividend of $0.60 per share on its common stock.

How does the current dividend rate compare to last year's rate for Bristol Myers Squibb (BMY)?

The current quarterly dividend represents a 5.3% increase over last year’s quarterly rate of $0.57 per share.

How many consecutive years has Bristol Myers Squibb (BMY) increased its dividend?

This marks the 15th consecutive year that the company has increased its dividend.

How many consecutive years has Bristol Myers Squibb (BMY) paid a dividend?

This marks the 92nd consecutive year that the company has paid a dividend.