Is NYSE:BMY a Good Fit for Dividend Investing?

BRISTOL-MYERS SQUIBB CO (NYSE:BMY) has caught the attention of dividend investors as a stock worth considering. NYSE:BMY excels in profitability, solvency, and liquidity, all while providing a decent dividend. Let's delve into the details.

Analyzing Dividend Metrics

ChartMill assigns a proprietary Dividend Rating to each stock. The score is computed by evaluating various valuation aspects, like the yield, the history, the dividend growth and sustainability. NYSE:BMY was assigned a score of 7 for dividend:

• With a Yearly Dividend Yield of 4.78%, BMY is a good candidate for dividend investing.
• BMY's Dividend Yield is rather good when compared to the industry average which is at 4.60. BMY pays more dividend than 96.55% of the companies in the same industry.
• BMY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.55.
• On average, the dividend of BMY grows each year by 6.94%, which is quite nice.
• BMY has been paying a dividend for at least 10 years, so it has a reliable track record.

What does the Health looks like for NYSE:BMY

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NYSE:BMY has earned a 5 out of 10:

• BMY has a Altman-Z score of 2.39. This is in the better half of the industry: BMY outperforms 71.92% of its industry peers.
• The Debt to FCF ratio of BMY is 3.22, which is a good value as it means it would take BMY, 3.22 years of fcf income to pay off all of its debts.
• BMY has a Debt to FCF ratio of 3.22. This is amongst the best in the industry. BMY outperforms 89.16% of its industry peers.

Profitability Assessment of NYSE:BMY

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NYSE:BMY scores a 8 out of 10:

• The Return On Assets of BMY (9.08%) is better than 92.61% of its industry peers.
• The Return On Equity of BMY (28.57%) is better than 94.09% of its industry peers.
• BMY has a Return On Invested Capital of 13.32%. This is amongst the best in the industry. BMY outperforms 90.64% of its industry peers.
• The last Return On Invested Capital (13.32%) for BMY is above the 3 year average (9.56%), which is a sign of increasing profitability.
• BMY has a Profit Margin of 18.44%. This is amongst the best in the industry. BMY outperforms 93.60% of its industry peers.
• In the last couple of years the Profit Margin of BMY has grown nicely.
• BMY's Operating Margin of 24.00% is amongst the best of the industry. BMY outperforms 92.12% of its industry peers.
• BMY has a better Gross Margin (76.70%) than 82.76% of its industry peers.
• BMY's Gross Margin has improved in the last couple of years.

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Check the latest full fundamental report of BMY for a complete fundamental analysis.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.