Bristol-Myers Squibb Stock To Go Ex-dividend Tomorrow (BMY)

NEW YORK ( TheStreet) -- The ex-dividend date for Bristol-Myers Squibb Company (NYSE: BMY) is tomorrow, April 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $33.70 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Bristol-Myers Squibb has been 11 million shares per day over the past 30 days. Bristol-Myers Squibb has a market cap of $54.65 billion and is part of the health care sector and drugs industry. Shares are down 4.2% year to date as of the close of trading on Friday.

Bristol-Myers Squibb Company, a biopharmaceutical company, engages in the discovery, development, licensing, manufacturing, marketing, distribution, and sale of biopharmaceutical products that help patients prevail over serious diseases worldwide. The company has a P/E ratio of 15.5, below the average drugs industry P/E ratio of 16.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Bristol-Myers Squibb as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Bristol-Myers Squibb Ratings Report.

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