— Jeff Ward, Lehigh Valley News Briefs
Thermo Fisher Scientific, a maker of medical and scientific devices with Lehigh Valley operations, has raised its quarterly dividend to 43 cents per share from 39 cents.
Even after the 10% increase, the payment of $1.72 on an annual basis works out to a dividend yield of a meager three-tenths of 1% of the share price, which was $538.18 as of 12:09 p.m. Thursday. See this link for a company statement, and I have also copied it below.
Waltham, Massachusetts-based Thermo Fisher (NYSE:TMO) has been a dud of a stock for a long time. Over the past year, it’s traded as high as $627.88 and as low as $493.30. It peaked in 2021 during the pandemic.
Nobody is buying this stock for the dividend, but then the price hasn’t done much either.
— Disclosure: I own Thermo Fisher. I wish I’d put the money in my mattress instead. It’s up about $7.50 so far today but it’s been a laggard even with annual revenue of more than $40 billion and customers around the world.
Here’s a cut-and-paste version of their dividend statement:
WALTHAM, Mass.–(BUSINESS WIRE)– Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that its Board of Directors authorized a quarterly cash dividend of $0.43 per common share, payable on April 15, 2025, to shareholders of record as of March 14, 2025. This reflects an 10% increase over the previous dividend payment of $0.39.
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.
Lehigh Valley News Briefs 