Bristol Myers Squibb Announces Dividend Increase

Rhea-AI Summary

Bristol Myers Squibb (NYSE: BMY) has announced a quarterly dividend increase of 3.3%, raising it to $0.62 per share from the previous $0.60. The dividend will be paid on February 3, 2025, to stockholders of record as of January 3, 2025. At this rate, the annual dividend for fiscal year 2025 will be $2.48 per share. This marks BMY's 16th consecutive year of dividend increases and 93rd consecutive year of dividend payments. Additionally, the company declared a quarterly dividend of $0.50 per share on its $2.00 convertible preferred stock, payable March 3, 2025, to stockholders of record as of February 4, 2025.

Positive

• 16th consecutive year of dividend increases showing financial stability
• 3.3% increase in quarterly dividend from $0.60 to $0.62 per share
• 93-year track record of consistent dividend payments

Negative

• Dividend increase rate of 3.3% is below current inflation rates

PRINCETON, N.J.--(BUSINESS WIRE)-- Bristol Myers Squibb (NYSE: BMY) today announced that its Board of Directors has declared a quarterly dividend of sixty-two cents ($0.62) per share on the $0.10 par value common stock of the company. The dividend is payable on February 3, 2025, to stockholders of record at the close of business on January 3, 2025.

This quarterly dividend represents a 3.3% increase over last year’s quarterly rate of sixty cents ($0.60) 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 2025 is $2.48 per share. This marks the 16^th consecutive year that the company has increased its dividend and the 93^rd 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 3, 2025, to stockholders of record at the close of business on February 4, 2025.

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, X, YouTube, Facebook, and Instagram.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20241211324404/en/

Media Relations:

media@bms.com



Investor Relations:

investor.relations@bms.com

Source: Bristol Myers Squibb

FAQ

What is Bristol Myers Squibb's new quarterly dividend for 2025?

Bristol Myers Squibb's new quarterly dividend is $0.62 per share, payable on February 3, 2025.

How much did BMY increase its dividend in 2025?

BMY increased its dividend by 3.3%, from $0.60 to $0.62 per share quarterly.

What is BMY's annual dividend rate for fiscal year 2025?

BMY's annual dividend rate for fiscal year 2025 is $2.48 per share.

How long has BMY been paying consecutive dividends?

Bristol Myers Squibb has paid consecutive dividends for 93 years.

What is the record date for BMY's Q1 2025 dividend?

The record date for BMY's Q1 2025 dividend is January 3, 2025.

What is BMY's dividend rate for convertible preferred stock?

BMY's quarterly dividend for convertible preferred stock is $0.50 per share.