By Matt Grossman

 

Bristol-Myers Squibb Co. said Monday its board of directors has raised its quarterly dividend and approved an additional share-repurchase program.

Bristol will pay a common-stock dividend of 54 cents a share on Feb 1. That is a 10% increase above last year's quarterly dividend of 49 cents a share.

The board of directors also approved the repurchase of an additional $15 billion of stock. The approval raises Bristol's share-repurchase authorization to $15.2 billion.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

December 13, 2021 07:30 ET (12:30 GMT)

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