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BRISTOL-MYERS SQUIBB INCREASES DIVIDEND

 NEW YORK, Dec. 1 ~PRNewswire~ -- The board of directors of Bristol- Myers Squibb Company (NYSE: BMY) today declared a quarterly dividend of seventy-two cents ($.72) per share on the $.10 par value common stock of the corporation, an increase of 4 percent over previous quarterly payments of sixty-nine cents ($.69) per share. The dividend will be payable Feb. 1, 1993, to stockholders of record at the close of business on Jan. 8, 1993. The 1993 indicated annual payment of two dollars and eighty-eight cents ($2.88) represents a 4 percent increase over the two dollars and seventy-six cents ($2.76) paid in 1992. With this 1993 payment, Bristol-Myers Squibb dividends will have increased at a compound growth rate of 11 percent over the past five years and 17 percent over the past ten years. This increase represents the twenty- first consecutive year that the company has raised the dividend on its common stock.
 Directors also declared a dividend of fifty cents ($.50) per share on the $2.00 Convertible Preferred Stock of the corporation, payable March 1, 1993, to stockholders of record at the close of business on Feb. 5, 1993.
 -0- 12~1~92
 ~CONTACT: Anthony Carter of Bristol-Myers, 212-546-4339~
 (BMY)


CO: Bristol-Myers Squibb Company ST: New York IN: MTC SU: DIV

WB -- NY092 -- 2612 12~01~92 16:55 EST
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Publication:PR Newswire
Date:Nov 30, 1992
Words:222
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