NEW YORK (AP) — Bristol-Myers Squibb Co. on Tuesday raised its quarterly dividend to 35 cents from 34 cents.

The company's next dividend is payable Feb. 1 to shareholders of record on Jan. 4. Bristol-Myers also said it will pay a dividend of 50 cents on $2 convertible preferred stock. That dividend is payable March 1 to shareholders of record on Feb. 1.