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Pharmaceuticals maker Bristol Myers Squibb Co. ( BMY ) on Thursday posted an uptick in first quarter profit, although its revenue total fell short of Wall Street's view.

The New York-based company reported first quarter net income of $1.10 billion, or 64 cents per share, compared with $986 million, or 57 cents per share, in the year-ago period.

Revenue rose 5% from last year to $5.25 billion.

On average, Wall Street analysts expected a slightly smaller profit of 3 cents per share, on slightly higher revenue of $5.26 billion.

Bristol Myers Squibb shares were mostly flat in morning trading Thursday.

The Bottom Line
We began recommending shares of Bristol Myers ( BMY ) back on Aug.25, 2009, when the stock was trading at $22.58. The company has a 3.87% dividend yield, based on last night's closing stock price of $34.29.

Bristol Myers Squibb Co. ( BMY ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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