ROYALTY PHARMA

Investing in dividend-paying stocks like Bristol Myers Squibb and Royalty Pharma can provide steady income, with both companies rapidly increasing their payouts. Bristol Myers Squibb, with a 4.9% yield, has raised its dividend for 15 consecutive years and has multiple growth drivers. Royalty Pharma, offering a 2.9% yield, has seen a 60% increase in free cash flow since 2020 and is poised for exponential growth in royalties and dividends.

Oppenheimer upgrades Ascendis Pharma to Outperform with a $180 price target, anticipating the U.S. launch of Yorvipath in Q1 2025 and Phase 3 results for TransCon CNP. The firm sees potential for €1.7 billion in global revenue by 2029 and undervaluation in TransCon CNP. Ascendis Pharma faces challenges with Skytrofa sales but aims for approvals of all three product candidates by end-2025. The company ended Q2 2024 with EUR259 million in cash and forecasts EUR220-240 million in Skytrofa revenue for 2024.