5 Best Recession Dividend Stocks to Buy

4. Bristol-Myers Squibb Company (NYSE:BMY)

Number of Hedge Fund Holders: 69
Dividend Yield as of July 24: 3.53%

Bristol-Myers Squibb Company (NYSE:BMY) is an American biopharmaceutical company that focuses on researching, developing, and commercializing innovative medicines and treatments.

On June 14, Bristol-Myers Squibb Company (NYSE:BMY) declared a quarterly dividend of $0.57 per share, which was similar to its previous dividend. However, the company stretched its dividend growth streak to 17 years in 2022, which makes it one of the best dividend stocks on our list. The company’s shares offer a dividend yield of 3.53%, as of July 24.

The number of hedge funds tracked by Insider Monkey owning stakes in Bristol-Myers Squibb Company (NYSE:BMY) remained unchanged at 69 in Q1 2023. The stakes owned by these funds have a consolidated value of over $1.55 billion.

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