Bristol Myers Squibb announced Wednesday evening that its Board of Directors has decided to pay a quarterly dividend of $0.62 per share, payable on February 3, 2025 to shareholders of record on January 3.

This quarterly dividend represents a 3.3% increase over last year's dividend. This is the 16th consecutive year in which the pharmaceutical company has increased its dividend, and the 93rd consecutive year in which it has paid one.

In addition, the Board of Directors has declared a quarterly dividend of $0.50 per share on convertible preferred shares, payable on March 3 to shareholders of record on February 4.

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