Bristol Myers Squibb Declares Fresh Dividend; Yield Is 3.1%

Bristol Myers Squibb (NYSE: BMY), one of the more reliable dividend payers in the pharmaceutical industry, is getting set to hand out its new distribution. On Thursday, the sprawling company's board of directors declared a new quarterly dividend of $0.45 per share, which will be dispensed on Nov. 2 to investors of record as of Oct. 2.

That matches the three preceding amounts, the most recent of which was paid out on Aug. 3. Prior to that, the company had distributed $0.41 per share.

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