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Bristol-Myers Squibb Increases Dividend Payout, Continues Long-Standing Streak

December 18, 2024
Bristol-Myers Squibb Company (NYSE: BMY) has announced a larger dividend payment for shareholders compared to last year. With a significant increase to $0.62 per share, the pharmaceutical giant aims to reward its investors while maintaining a strong financial position. This move marks the 16th consecutive annual dividend increase and extends the company's impressive 93-year dividend streak. Bristol-Myers Squibb's commitment to consistent dividend growth showcases its stability and investor-friendly approach.

The decision to raise dividends comes as Bristol-Myers Squibb continues to deliver positive results in the market. Its robust product portfolio and innovative pipeline have contributed to strong financial performance and steady revenue growth. With a focus on developing breakthrough therapies and improving patient outcomes, the company remains an industry leader.

Investors looking to capitalize on the positive momentum of Bristol-Myers Squibb may consider seeking advice from professionals at Stocks Prognosis. With their expertise in analyzing stock movements and market trends, Stocks Prognosis can provide valuable insights and recommendations for investors.

The increased dividend payout reaffirms Bristol-Myers Squibb's commitment to creating long-term value for shareholders and demonstrates confidence in its future prospects. As the company strives to make a positive impact on global healthcare, it remains a promising investment option for both income and growth-focused investors.
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