Thermo Fisher Scientific Increases Quarterly Dividend

Rhea-AI Summary

Thermo Fisher Scientific Inc. (NYSE: TMO) announced a quarterly cash dividend of $0.35 per common share, a 17% increase from the previous $0.30 dividend. This payment will be made on April 14, 2023, to stockholders recorded by March 15, 2023. The company, a leader in scientific services with annual revenues exceeding $40 billion, focuses on contributing to societal health and safety through innovative technologies and comprehensive laboratory services.

Positive

• Dividend increased by 17% from $0.30 to $0.35 per share.
• Company's annual revenue exceeds $40 billion, indicating strong financial performance.

Negative

• None.

WALTHAM, Mass.--(BUSINESS WIRE)-- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.35 per common share payable on April 14, 2023, to stockholders of record as of March 15, 2023. This reflects a 17% increase over the previous dividend payment of $0.30.

About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue over $40 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, increasing productivity in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our global team 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, Patheon and PPD. For more information, please visit www.thermofisher.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230222005812/en/

Media Contact Information:

Sandy Pound

Thermo Fisher Scientific

Phone: 781-622-1223

E-mail: sandy.pound@thermofisher.com

Investor Contact Information:

Rafael Tejada

Thermo Fisher Scientific

Phone: 781-622-1356

E-mail: rafael.tejada@thermofisher.com

Source: Thermo Fisher Scientific Inc.

FAQ

What is the new dividend amount for Thermo Fisher Scientific (TMO)?

The new dividend amount is $0.35 per share, reflecting a 17% increase.

When will the dividend for TMO be paid?

The dividend will be paid on April 14, 2023.

What is the record date for TMO's dividend?

The record date for the dividend is March 15, 2023.

How much was the previous dividend amount for TMO?

The previous dividend amount was $0.30 per share.

What is Thermo Fisher Scientific's (TMO) annual revenue?

Thermo Fisher Scientific has an annual revenue exceeding $40 billion.