). The company repurchased 17 million shares for $1.2 billion and made dividend payments of $2.4 billion in the first six months, ended June 30.
The quarterly dividend of $0.57 per share for 2023 indicates a 5.6% year-over-year increase, marking theFollowing the company's Research and Development Day held in New York on Sept.
Commenting on BMY's capital allocation program, Shibutani said that management's priority remains business development ."Beyond BD, the company remains committed to growing its dividend and will continue to be opportunistic with share buybacks," the analyst added. Shibutani holds the 271th position among more than 8,500 analysts tracked on TipRanks. In all, 44% of his ratings have been profitable, with each generating an average return of 20.5%. (See
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