Should You Buy Bristol Myers Squibb Stock Right Now for the Yield Alone?
As management tackles key issues head-on, Bristol Myers Squibb stock offers a steady 4% yield, with further upside potential.
Overview
With a forward yield nearing 4%, Bristol Myers Squibb (NYSE: BMY) may seem like a great income buy among pharmaceutical stocks. Alongside a moderately high yield, this healthcare stock also has a nearly 20-year dividend growth track record, and trades at a low valuation.
Yet while at first glance Bristol Myers Squibb seems to check off all the right value and dividend boxes, it's worthwhile to give the pharmaceutical stock a closer examination, to look for any red flags. Specifically, any risk that this stock could become a "yield trap" for your portfolio.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.