Bristol Myers Squibb raises dividend by 10% to $0.54, announces $15B buyback

Dec. 13, 2021 7:13 AM ETBristol-Myers Squibb Company (BMY)By: Gaurav Batavia, SA News Editor129 Comments
  • Bristol Myers Squibb (NYSE:BMY) declares $0.54/share quarterly dividend, 10.2% increase from prior dividend of $0.49.
  • Payable Feb. 1; for shareholders of record Jan. 7; ex-div Jan. 6.
  • The board also authorized the repurchase of an additional $15B of the company’s common stock, bringing the total outstanding share repurchase authorization to $15.2B.
  • “With significant free cash flow of $45 billion to $50 billion expected between 2021 and 2023, investment in business development continues to be a key priority for the company in driving innovation and sustained growth as we return capital to shareholders through the dividend increase and expanded share repurchase authorization. We remain committed to maintaining a strong investment grade credit rating and reducing our debt,” said Giovanni Caforio, board chair and chief executive officer.
  • See BMY Dividend Scorecard, Yield Chart, & Dividend Growth.

Recommended For You

Comments (129)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.