Bristol Myers Squibb has been recognized as a Top Socially Responsible Dividend Stock by Dividend Channel, based on its strong 5.8% yield and its high ranking in terms of social and environmental criteria. These criteria include factors such as the environmental impact of the company’s products and services, as well as its efficiency in using energy and resources. Social criteria take into account elements like human rights, child labor, corporate diversity, and the company’s impact on society as a whole.
The company’s inclusion in the iShares USA ESG Select ETF (SUSA) further solidifies its reputation as a socially responsible investment choice. Bristol Myers Squibb accounts for 0.33% of the fund’s underlying holdings, with a value of $14,893,632 in BMY shares. This recognition highlights the company’s commitment to sustainability and responsible business practices, which have also been acknowledged by prominent asset managers in the industry.
Investors can also benefit from Bristol Myers Squibb’s annualized dividend of $2.4 per share, which is paid in quarterly installments. The most recent dividend ex-date was on 04/04/2024, indicating a consistent track record of dividend payments. Analyzing the company’s long-term dividend history is crucial in determining the likelihood of future dividend payments, as it provides valuable insights into the company’s financial stability and performance.
As a key player in the Drugs & Pharmaceuticals sector, Bristol Myers Squibb competes with industry giants like Novo-Nordisk and Eli Lilly. The company’s commitment to social responsibility sets it apart from its competitors, as it prioritizes ethical business practices and sustainability. By aligning with socially responsible investment criteria, Bristol Myers Squibb creates value not only for shareholders but also for society at large.
In today’s market, more investors are seeking socially responsible investment options that not only provide financial returns but also contribute to positive social and environmental outcomes. Bristol Myers Squibb’s recognition as a Top Socially Responsible Dividend Stock reflects the growing importance of sustainability and ethical practices in the investment landscape. By incorporating social and environmental criteria into investment decisions, investors can support companies that are making a positive impact on the world while also generating income through dividends.
Overall, Bristol Myers Squibb’s strong dividend yield, along with its commitment to social responsibility, positions it as an attractive investment choice for those seeking both financial returns and positive societal impact. As the company continues to prioritize sustainability and ethical business practices, it sets a standard for the industry and demonstrates the value of incorporating social responsibility into investment strategies. Investors can feel good about supporting Bristol Myers Squibb, knowing that their investments align with their values and contribute to a more sustainable and ethical global economy.
