Bristol-Myers raises its quarterly dividend

Bristol-Myers Squibb Company has declared an increase of 2.6% percent in the its quarterly dividend, beginning in the first quarter of 2017.

The dividend increase will result in a quarterly dividend of thirty nine cents ($0.39) per share on the $.10 par value Common Stock of the corporation. The next dividend will be payable on February 1, 2017, to stockholders of record at the close of business on January 6, 2017.

The directors also declared a quarterly dividend of fifty cents ($0.50) per share on the $2.00 Convertible Preferred Stock of the corporation, payable March 1, 2017 to stockholders of record at the close of business on February 7, 2017.

The directors indicated an expected dividend for the full year of 2017 of $1.56 per share on the $.10 par value Common Stock of the corporation, subject to the normal quarterly review by the Board.