Thermo Fisher Scientific's latest quarterly cash dividend of $0.35 per share was issued to shareholders on record before Sep 14, 2023. The dividend distribution stands at $1.35 per share annually, which comes to a dividend yield of 0.27%.
TMO has a dividend yield of 0.27% which is below the Healthcare sector, the industry and its peers average. Compared to its Healthcare sector average of 1.81%, Thermo Fisher Scientific's dividend yield is 85% lower. Historically TMO's dividend yield has averaged at 0.2% in the last 5 years, which is below the current yield.
Thermo Fisher Scientific has a dividend history dating as far as 1996, but consistently the company has been paying dividends for the last 11 consecutive years. Our records show that TMO has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 16% since twelve months ago. And with the price of the stock down by 3.5% from a year ago, the dividend yield has an increase of 21%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Sep 14, 2023 | Oct 13, 2023 | Jul 13, 2023 | $0.35 | normal |
| Jun 14, 2023 | Jul 14, 2023 | May 24, 2023 | $0.35 | normal |
| Mar 14, 2023 | Apr 14, 2023 | Feb 22, 2023 | $0.35 | normal |
| Dec 14, 2022 | Jan 16, 2023 | Nov 10, 2022 | $0.3 | normal |
| Sep 14, 2022 | Oct 14, 2022 | Jul 7, 2022 | $0.3 | normal |
| Jun 14, 2022 | Jul 15, 2022 | May 18, 2022 | $0.3 | normal |
| Mar 15, 2022 | Apr 14, 2022 | Feb 23, 2022 | $0.3 | normal |
| Dec 14, 2021 | Jan 14, 2022 | Nov 4, 2021 | $0.26 | normal |
| Sep 14, 2021 | Oct 15, 2021 | Jul 8, 2021 | $0.26 | normal |
| Jun 14, 2021 | Jul 15, 2021 | May 19, 2021 | $0.26 | normal |
| Mar 15, 2021 | Apr 16, 2021 | Feb 23, 2021 | $0.26 | normal |
| Dec 14, 2020 | Jan 15, 2021 | Nov 5, 2020 | $0.22 | normal |
| Sep 14, 2020 | Oct 15, 2020 | Jul 9, 2020 | $0.22 | normal |
| Jun 12, 2020 | Jul 15, 2020 | May 20, 2020 | $0.22 | normal |
| Mar 13, 2020 | Apr 16, 2020 | Feb 25, 2020 | $0.22 | normal |
| Dec 16, 2019 | Jan 15, 2020 | Nov 8, 2019 | $0.19 | normal |
| Sep 16, 2019 | Oct 15, 2019 | Jul 11, 2019 | $0.19 | normal |
| Jun 13, 2019 | Jul 16, 2019 | May 23, 2019 | $0.19 | normal |
| Mar 14, 2019 | Apr 16, 2019 | Feb 26, 2019 | $0.19 | normal |
| Dec 14, 2018 | Jan 15, 2019 | Nov 8, 2018 | $0.17 | normal |
| Sep 14, 2018 | Oct 15, 2018 | Jul 13, 2018 | $0.17 | normal |
| Jun 14, 2018 | Jul 16, 2018 | May 24, 2018 | $0.17 | normal |
| Mar 14, 2018 | Apr 16, 2018 | Jan 31, 2018 | $0.17 | normal |
| Dec 14, 2017 | Jan 15, 2018 | Nov 9, 2017 | $0.15 | normal |
| Sep 14, 2017 | Oct 16, 2017 | Jul 12, 2017 | $0.15 | normal |
| Jun 13, 2017 | Jul 17, 2017 | May 18, 2017 | $0.15 | normal |
| Mar 13, 2017 | Apr 17, 2017 | Feb 28, 2017 | $0.15 | normal |
| Dec 13, 2016 | Jan 16, 2017 | $0.15 | normal | |
| Sep 13, 2016 | Oct 17, 2016 | Jul 7, 2016 | $0.15 | normal |
| Jun 13, 2016 | Jul 15, 2016 | May 18, 2016 | $0.15 | normal |
| Mar 11, 2016 | Apr 15, 2016 | Feb 25, 2016 | $0.15 | normal |
| Dec 11, 2015 | Jan 15, 2016 | Nov 12, 2015 | $0.15 | normal |
| Sep 11, 2015 | Oct 15, 2015 | Jul 10, 2015 | $0.15 | normal |
| Jun 11, 2015 | Jul 15, 2015 | May 21, 2015 | $0.15 | normal |
TMO has a payout ratio of 9.2% which is lower than the Healthcare sector, the industry and its peers average. In comparison with the Healthcare sector average of 39.8%, Thermo Fisher Scientific's payout ratio is 77% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| BAX Baxter International Inc | 3.08% | $1.16 | N/A |
| BDX Becton Dickinson & Co | 1.37% | $3.64 | 65.5% |
| A Agilent Technologies Inc | 0.79% | $0.89 | 23.1% |
| TFX Teleflex Inc | 0.67% | $1.36 | 17.3% |
| DHR Danaher Corp | 0.42% | $1.04 | 12.1% |
| BRKR Bruker Corp | 0.32% | $0.2 | 9.2% |
| GE General Electric Co | 0.29% | $0.32 | 3.8% |
| TMO Thermo Fisher Scientific Inc | 0.27% | $1.35 | 9.2% |
Yes, Thermo Fisher Scientific has paid four dividends in the last twelve months. TMO has been paying dividends since 2012.
TMO hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in December 2023.
Thermo Fisher Scientific's last regular dividend was on Sep 14, 2023 (ex-date) with the amount of $0.35 per share.
On an annual basis TMO pays $1.35 per share.
Currently Thermo Fisher Scientific's dividend yield is 0.27%.
Thermo Fisher Scientific pays dividends quarterly.
Thermo Fisher Scientific's dividend payout ratio is 9.2%.
Thermo Fisher Scientific's dividend yield is below the Healthcare sector average.