03-30-2021, 09:27 PM
Used my pooled dividends to add 3 shares of BMY ahead of tomorrow's ex-div date.
Raised the dividend by 9% back in December and is yielding 3.1%.
The payout ratio is down to 26% of expected 2021 EPS of $7.49, and growth is expected mid to high single digits going forward.
The market seems to be discounting that future growth, but the risk/reward seems pretty reasonable here with a PE under 10.
The position remains a bit underweight in my portfolio, but this brings it a bit closer to a full position.
Raised the dividend by 9% back in December and is yielding 3.1%.
The payout ratio is down to 26% of expected 2021 EPS of $7.49, and growth is expected mid to high single digits going forward.
The market seems to be discounting that future growth, but the risk/reward seems pretty reasonable here with a PE under 10.
The position remains a bit underweight in my portfolio, but this brings it a bit closer to a full position.