Bristol Myers Raises Its Dividend and Adds $15 Billion to Its Buyback Plan. The Stock Jumps.

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https://www.barrons.com/articles/bristol-myers-bmy-stock-dividends-buyback-51639399354

Updated Dec. 13, 2021 8:39 americium ET / Original Dec. 13, 2021 7:43 americium ET

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Shares of Bristol Myers Squibb were higher Monday aft the biopharma elephantine boosted its dividend and added $15 cardinal to its banal buyback program.

Bristol Myers (ticker: BMY) volition present wage shareholders a quarterly dividend of 54 cents a share, representing a 10.2% summation implicit past year’s quarterly dividend complaint of 49 cents. The yearly dividend complaint for the 2022 fiscal twelvemonth is $2.16 a share.

The...

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