Thermo Fisher raises dividend to $0.39 per share
TMO
+0.86%
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WALTHAM, Mass. — Thermo Fisher Scientific Inc. (NYSE: NYSE:TMO), a prominent provider of scientific instrumentation, reagents and consumables, and software services, has declared an increase in its quarterly cash dividend. The company’s Board of Directors has approved a dividend of $0.39 per common share, which is an 11% hike from the previous payout of $0.35.
Shareholders of record as of March 15, 2024, will be eligible for the dividend, which is scheduled for disbursement on April 15, 2024. This move reflects Thermo Fisher’s continued financial growth and its commitment to delivering shareholder value.
Thermo Fisher Scientific is recognized for its extensive portfolio of brands and services that cater to a broad range of industries, including healthcare, life sciences, and industrial markets. The company’s mission focuses on enabling customers to make the world healthier, cleaner, and safer through its offerings.
The increase in the dividend is based on a press release statement issued by Thermo Fisher Scientific and represents the company’s confidence in its financial stability and future prospects. It’s noteworthy that dividend payments are subject to change as they are contingent on the company’s earnings, financial condition, and other factors.
