5 Stocks with Over 10 Years of Dividend Increases

In this article, we will be looking at 5 stocks with over 10 years of dividend increases. If you want to see our detailed analysis of these companies and dividend investing, go directly to the 10 Stocks with Over 10 Years of Dividend Increases.

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

Number of Hedge Fund Holders: 81
Number of Years of Consecutive Dividend Increases: 15
Dividend Yield: 2.9%

Bristol-Myers Squibb Company (NYSE: BMY) is a pharmaceuticals company that develops biopharmaceuticals across the globe. The company’s products include Opdivo to treat anti-cancer indications and Sprycel to treat Philadelphia chromosome-positive chronic myeloid leukemia among a range of others in diverse medicinal fields. It ranks 5th on our list of stocks with over 10 years of dividend increases.

As of this April, Citigroup analyst Andrew Baum has a Buy rating on Bristol-Myers Squibb Company (NYSE: BMY) shares with a $77 price target, while Morgan Stanley has an Equal Weight rating on the stock.

In the first quarter of 2021, Bristol-Myers Squibb Company (NYSE: BMY) had an EPS of $1.74, surpassing the previous quarter’s $1.46 EPS. The company’s revenue was $11.07 billion, up 2.71% year over yet missing estimates by $81.41 million. Bristol-Myers Squibb Company (NYSE: BMY) has gained about 4.03% in the past 6 months and 9.42% year to date as well.

By the end of the first quarter of 2021, 81 hedge funds out of the 866 tracked by Insider Monkey held stakes in Bristol-Myers Squibb Company (NYSE: BMY) worth roughly $5.03 billion. This is compared to 131 hedge funds in the previous quarter with stakes worth approximately $6.08 billion.