Thermo Fisher Scientific Inc. (NYSE:TMO – Get Free Report) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.47 per share by the medical research company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, June 15th.
Thermo Fisher Scientific has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Thermo Fisher Scientific has a dividend payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Thermo Fisher Scientific to earn $27.29 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 6.9%.
Thermo Fisher Scientific Stock Up 0.9%
Shares of TMO opened at $451.74 on Thursday. The company has a 50-day simple moving average of $482.22 and a 200-day simple moving average of $539.63. The firm has a market capitalization of $167.88 billion, a P/E ratio of 24.83, a P/E/G ratio of 1.98 and a beta of 0.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.15 and a current ratio of 1.53. Thermo Fisher Scientific has a 52 week low of $385.46 and a 52 week high of $643.99.
About Thermo Fisher Scientific
Thermo Fisher Scientific (NYSE: TMO) is a global provider of scientific instrumentation, reagents and consumables, software, and services that support research, clinical, and industrial laboratories. The company supplies analytical instruments and laboratory equipment, life sciences reagents and kits, specialty diagnostics, and a broad range of consumables used by researchers, clinicians, and manufacturers. Its offerings also include laboratory information management and data-analysis software, as well as service solutions such as instrument maintenance, validation, and logistics that help customers run complex workflows efficiently.
Thermo Fisher operates through multiple business areas that broadly cover life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services, including contract development and manufacturing for pharmaceutical and biotechnology companies.
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