Should You Buy Bristol Myers Stock for Its 5.4%-Yielding Dividend?

The pharma stock yields more than 4x the S&P 500 average.A high-yielding dividend stock can make for a great asset in your portfolio. It can generate income on a recurring basis, providing you with some cash to pay bills, or  you can reinvest the dividend to help boost your gains from the stock. Dividend stocks can sometimes make for relatively safe investments to hold during times of turmoil.One particularly appealing dividend stock right now is Bristol Myers Squibb (BMY 0.10%). It yields 5.4%, which is an ...