On December 5, 2019 The Board of Directors of Bristol-Myers Squibb Company (NYSE:BMY) reported an increase of 9.8% percent in the company’s quarterly dividend, beginning in the first quarter of 2020 (Press release, Bristol-Myers Squibb, DEC 5, 2019, View Source [SID1234551962]).

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The dividend increase will result in a quarterly dividend of forty-five cents ($0.45) per share on the $.10 par value Common Stock of the corporation. The next quarterly dividend will be payable on February 3, 2020, to stockholders of record at the close of business on January 3, 2020.

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 2, 2020 to stockholders of record at the close of business on February 4, 2020.

The directors indicated an expected dividend for the full year of 2020 of $1.80 per share on the $.10 par value Common Stock of the corporation, subject to the normal quarterly review by the Board.