How Bristol-Myers Squibb Company (BMY) Delivers Strong Yields Even in Tough Markets

Bristol-Myers Squibb Company (NYSE:BMY) is included among the 10 Best Recession Proof Dividend Stocks to Buy.

How Bristol-Myers Squibb Company (BMY) Delivers Strong Yields Even in Tough Markets

Bristol-Myers Squibb Company (NYSE:BMY) is an American multinational pharmaceutical company. It concentrates primarily on branded pharmaceuticals, a sector known for high entry barriers and strong profitability. Developing breakthrough drugs requires billions in investment and years of research, with relatively few candidates making it to market.

However, those that succeed can deliver billions in revenue, supported by long-lasting patent protection that shields them from competition. Because medications remain essential regardless of economic conditions, they are considered recession-resistant. This resilience helped Bristol-Myers Squibb Company (NYSE:BMY)’s stock decline only 32% during the 2007–09 financial crisis, compared with a drop of more than 50% for the broader market.

Bristol-Myers Squibb Company (NYSE:BMY) is also a strong dividend company. Currently, it pays a quarterly dividend of $0.62 per share and has a dividend yield of 5.62%, as of September 26. The company has raised its payouts for 16 years in a row.

While we acknowledge the potential of BMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BMY and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.