Thermo Fisher Scientific Inc. (NYSE:TMO) Announces Quarterly Dividend of $0.47

Thermo Fisher Scientific Inc. (NYSE:TMO) declared a quarterly dividend on Thursday, November 5th. Investors of record on Tuesday, December 15th will be given a dividend of $0.47 per share by the medical research company on Friday, January 15th. This represents a $1.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, December 15th.

Thermo Fisher Scientific has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 8 years. Thermo Fisher Scientific has a payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Thermo Fisher Scientific to earn $27.83 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 6.8%.

Thermo Fisher Scientific Trading Down 4.1%

Shares of Thermo Fisher Scientific stock opened at $677.28 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.81 and a quick ratio of 1.41. Thermo Fisher Scientific has a 1 year low of $435.27 and a 1 year high of $712.17. The firm has a market cap of $250.94 billion, a PE ratio of 35.72, a PEG ratio of 2.88 and a beta of 0.84. The company has a 50 day simple moving average of $659.74 and a two-hundred day simple moving average of $554.40.

Thermo Fisher Scientific (NYSE:TMO) last issued its quarterly earnings results on Wednesday, October 21st. The medical research company reported $6.68 EPS for the quarter, topping analysts’ consensus estimates of $6.40 by $0.28. The firm had revenue of $12.14 billion for the quarter, compared to analyst estimates of $11.95 billion. Thermo Fisher Scientific had a net margin of 14.94% and a return on equity of 17.33%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.79 EPS. Analysts expect that Thermo Fisher Scientific will post 25.26 earnings per share for the current fiscal year.

About Thermo Fisher Scientific

Thermo Fisher Scientific develops and supplies products and services used in scientific research, clinical diagnostics, and pharmaceutical and biotechnology manufacturing. Its offerings include laboratory instruments, reagents and consumables, analytical equipment, diagnostic tests, and services that support drug development and clinical research.

The company operates through businesses focused on life sciences, analytical instruments, specialty diagnostics, and laboratory products and biopharma services.