Bristol-Myers Squibb Announces Small Dividend Increase

Bristol-Myers Squibb [[BMY]] announced today that the company is increasing their quarterly dividend by 3% to $.33 per share.

 

The penny dividend increase will push the current yield of BMY shares to 5.0%.

 

The increased dividend will be payable on February 1, 2011 to shareholders of record as of January 7, 2011.

 

The pharmaceutical stock also declared a quarterly dividend of $.50 per share for their convertible preferred stock. That dividend will be payable on March 1, 2011 to shareholders of record as of February 4, 2011.

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