Thermo Fisher Scientific Declares Quarterly Dividend and Authorizes $2.5 Billion of Share Repurchases

Rhea-AI Summary

Thermo Fisher Scientific has declared a quarterly cash dividend of $0.22 per share, payable on January 15, 2021. Shareholders on record as of December 15, 2020 will receive this dividend. The company also authorized a significant $2.5 billion share repurchase program, replacing the previous $1 billion authorization. This repurchase program does not have an expiration date, indicating the company's confidence in enhancing shareholder value.

Positive

• Quarterly cash dividend of $0.22 per share enhances shareholder returns.
• New share repurchase authorization of $2.5 billion signals confidence in company performance.

Negative

• None.

WALTHAM, Mass., Nov. 5, 2020 /PRNewswire/ -- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that its board of directors declared a quarterly cash dividend of $0.22 per share. The dividend will be paid on January 15, 2021, to shareholders of record as of December 15, 2020.

The board also authorized the repurchase of $2.5 billion of shares of its common stock in the open market or in negotiated transactions. The authorization has no expiration date. This replaces the company's existing repurchase authorization, of which $1 billion was remaining.

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue exceeding $25 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies or increasing productivity in their laboratories, we are here to support them. Our global team of more than 75,000 colleagues delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services and Patheon. For more information, please visit www.thermofisher.com.

Media Contact Information:
Ron O'Brien
781-622-1242
ron.obrien@thermofisher.com
www.thermofisher.com

Investor Contact Information:
Ken Apicerno 
781-622-1294 
ken.apicerno@thermofisher.com

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SOURCE Thermo Fisher Scientific

FAQ

What is the date of Thermo Fisher Scientific's dividend payment?

The dividend payment is scheduled for January 15, 2021.

How much is the dividend declared by Thermo Fisher Scientific?

The declared dividend is $0.22 per share.

What is the total amount authorized for share repurchase by Thermo Fisher Scientific?

The company has authorized a total of $2.5 billion for share repurchase.

When is the record date for Thermo Fisher Scientific's dividend?

The record date is December 15, 2020.

What was the previous share repurchase authorization amount for Thermo Fisher Scientific?

The previous share repurchase authorization was $1 billion.