Thermo Fisher Scientific Inc. (TMO) To Go Ex-Dividend on March 13th

Thermo Fisher Scientific Inc. (NYSE:TMO) announced a quarterly dividend on Wednesday, February 25th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.47 per share by the medical research company on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, March 13th. This is a 9.3% increase from Thermo Fisher Scientific’s previous quarterly dividend of $0.43.

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 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. Equities research analysts expect Thermo Fisher Scientific to earn $25.56 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 7.4%.

Thermo Fisher Scientific Stock Down 1.9%

Shares of TMO stock opened at $500.14 on Wednesday. The company has a 50 day simple moving average of $564.13 and a two-hundred day simple moving average of $549.24. The stock has a market cap of $185.79 billion, a P/E ratio of 28.19, a P/E/G ratio of 2.94 and a beta of 0.96. Thermo Fisher Scientific has a 12 month low of $385.46 and a 12 month high of $643.99. The company has a current ratio of 1.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.67.

Thermo Fisher Scientific (NYSE:TMO) last issued its quarterly earnings data on Thursday, January 29th. The medical research company reported $6.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.45 by $0.12. Thermo Fisher Scientific had a net margin of 15.05% and a return on equity of 16.92%. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.95 billion. During the same quarter in the previous year, the firm posted $6.10 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts expect that Thermo Fisher Scientific will post 23.28 earnings per share for the current year.

Thermo Fisher Scientific Company Profile

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.