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Bristol Myers Squibb: High Dividend Yield and Turnaround Expectations

The Motley Fool +1 ·

BMY Bristol-Myers Squibb Co
$58.83 -1.54%
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  1. 1Bristol Myers Squibb faces the loss of major patent exclusivity over the next few years.
  2. 2Bristol Myers Squibb's dividend payout ratio is below 40%, suggesting dividends will be safe in the short term.
  3. 3An investment of 956 dollars yields an annual dividend income of 40 dollars.

So what's the key point?

Bristol Myers Squibb will lose the rights to its exclusive drugs over the next few years. However, because the dividend payout ratio is below 40 percent, dividends can be received safely for the time being.

Source The Motley Fool +1 · View original ↗

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