Updated on June 30, 2024
I bought Bristol-Myers Squibb on June 20, 2024 and June 27, 2024 for an average cost of $40.59 per share. BMY has a dividend yield of 5.78% and an average dividend growth rate of 7.63% for the past 5 years. BMY has an ex dividend date of July 5, 2024. This means that you would need to purchase the stock before July 5 to recieve the dividend on July 31, 2024. If you sell the stock after the ex dividend date, you will still recieve the dividend.
I do not know if the stock price is going to go up or down, but I am willing to hold the stock for the long term and continue to collect the dividend if the price goes down. If the price goes up, I may take my profit after the ex dividend date and invest in another good dividend stock, or I might hold on to it. It all depends on what other opportunities are available in the market.
Here are a few news articles from leading financial publications that highlight the positive as well as negatives of owning or buying the stock:
7 Dividend Stocks to Buy Now: June 2024
Is Bristol Myers Squibb Stock a Buy?
3 No-Brainer Stocks to Buy for Under $100 Right Now
Bristol Myers Squibb (BMY) Stock Sinks As Market Gains: What You Should Know
My Rules For Investing:
Never invest in anything that you do not completely understand.
Do not invest in a stock unless you are willing to hold it for the long term.
Never put more than 10% of your money into any one stock.