5 Best Non-REIT Dividend Stocks To Invest In

2. Bristol-Myers Squibb Company (NYSE:BMY)

Number of Hedge Fund Holders: 65
Dividend Yield as of December 13: 4.76%

A multinational biopharmaceutical company, Bristol-Myers Squibb Company (NYSE:BMY) specializes in discovering, developing, and delivering innovative medicines for treating serious diseases, particularly in the areas of oncology, immunology, cardiovascular diseases, and fibrosis. The company offers a quarterly dividend of $0.60 per share, growing it by 5.3% in December this year. Through this increase, it stretched its dividend growth streak to 18 years. With a dividend yield of 4.76%, BMY is one of the best dividend stocks on our list.

As of the close of the September quarter of 2023, 65 hedge funds in Insider Monkey’s database owned stakes in Bristol-Myers Squibb Company (NYSE:BMY), compared with 66 in the previous quarter. These stakes are worth over $1.8 billion in total.

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