Why BRISTOL-MYERS SQUIBB CO (NYSE:BMY) qualifies as a good dividend investing stock.

Take a closer look at BRISTOL-MYERS SQUIBB CO (NYSE:BMY), a stock of interest to dividend investors uncovered by our stock screener. BMY excels in fundamentals and provides a decent dividend, all while maintaining a reasonable valuation. Let's break it down further.

A Closer Look at Dividend for BMY

ChartMill provides a Dividend Rating for every stock, ranging from 0 to 10. This rating assesses various dividend aspects, including yield, growth, and sustainability. BMY earns a 7 out of 10:

• BMY has a Yearly Dividend Yield of 4.29%, which is a nice return.
• Compared to an average industry Dividend Yield of 4.11, BMY pays a better dividend. On top of this BMY pays more dividend than 96.46% of the companies listed in the same industry.
• BMY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
• The dividend of BMY is nicely growing with an annual growth rate of 11.67%!
• BMY has been paying a dividend for at least 10 years, so it has a reliable track record.
• The dividend of BMY is growing, but earnings are growing more, so the dividend growth is sustainable.

Analyzing Health Metrics

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. BMY has earned a 5 out of 10:

• BMY's Altman-Z score of 2.04 is fine compared to the rest of the industry. BMY outperforms 71.21% of its industry peers.
• BMY has a debt to FCF ratio of 3.56. This is a good value and a sign of high solvency as BMY would need 3.56 years to pay back of all of its debts.
• Looking at the Debt to FCF ratio, with a value of 3.56, BMY belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.

Profitability Analysis for BMY

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, BMY has achieved a 6:

• BMY has a Return On Assets of -9.66%. This is in the better half of the industry: BMY outperforms 68.69% of its industry peers.
• BMY's Return On Invested Capital of 13.21% is amongst the best of the industry. BMY outperforms 90.40% of its industry peers.
• The last Return On Invested Capital (13.21%) for BMY is above the 3 year average (12.29%), which is a sign of increasing profitability.
• The Operating Margin of BMY (23.90%) is better than 90.40% of its industry peers.
• BMY's Gross Margin of 75.26% is amongst the best of the industry. BMY outperforms 81.31% of its industry peers.

More Best Dividend stocks can be found in our Best Dividend screener.

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

Keep in mind

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.