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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): Thermo Fisher Scientific Inc. (TMO) pays a $1.80 annual dividend ($0.47 quarterly), yielding 0.29% at $622.18/share. Next ex-dividend date 2026-09-15. 13+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.29%
Annual Dividend: $1.80 per share
Payout Ratio: 9.5%
Ex-Dividend Date: 2026-09-15
Dividend Frequency: quarterly
Sector: Healthcare
Years of Dividend History: 16
Thermo Fisher Scientific Inc. dividend income is modest by design: the company pays $1.80 per share annually, a 0.29% yield, while reinvesting heavily into its life sciences, diagnostics, and biopharma services businesses. TMO pays quarterly, with the next ex-dividend date on September 15, 2026, and a last declared amount of $0.47 per share. The yield is low, but a beta of 0.847 points to below-market price volatility, which matters to investors who want dividend growth without sharp drawdowns. TMO stock suits growth-and-income investors who prioritize a rising dividend over a large current payout.
Thermo Fisher Scientific Inc. pays out 9.5% of earnings as dividends, a payout ratio classified as conservative (below 40%). That leaves the company substantial room to sustain and grow the dividend, supported by a broad business spanning reagents, analytical instruments, and biopharmaceutical services that serve pharmaceutical, biotech, academic, and government clients. Thermo Fisher Scientific Inc. dividend safety looks strong on payout metrics alone, though the company's earnings are tied to research and biopharma spending cycles, which can compress in periods of budget tightening across its client base.
Thermo Fisher Scientific Inc. dividend history shows a CAGR of 9.2% per year from 2013 to 2025. The per-share annual dividend grew from $0.60 to $1.72 over that window (2026 data is partial and excluded from the CAGR calculation). The largest annual increase in the window was 18.2% in 2021. Growth is not uniform year to year, but the direction has been unbroken: 13 consecutive years of increases, with no year in the available history showing a cut.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +12.7% | $1.20 (2022) | $1.72 (2025) |
| 5-Year | +14.3% | $0.88 (2020) | $1.72 (2025) |
| 10-Year | +11.1% | $0.60 (2015) | $1.72 (2025) |
TMO stock fits growth-and-income investors who care more about a rising dividend than a high starting yield. The current yield of 0.29% is low (below 2%), and even against its own 5-year average of 0.22%, the stock has never been a meaningful income source in the traditional sense. What it offers instead is a 9.2% annualized growth rate over 12 years, a 13-year streak of increases, and a payout ratio so conservative that the dividend has room to keep climbing. The trade-off is clear: an investor in TMO accepts a near-negligible current yield in exchange for a dividend that has nearly tripled since 2013.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-15 | $0.4700 |
| 2026-06-15 | $0.4700 |
| 2026-03-13 | $0.4700 |
| 2025-12-15 | $0.4300 |
| 2025-09-15 | $0.4300 |
| 2025-06-13 | $0.4300 |
| 2025-03-14 | $0.4300 |
| 2024-12-13 | $0.3900 |
| 2024-09-13 | $0.3900 |
| 2024-06-14 | $0.3900 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.4100 |
| 2025 | $1.7200 |
| 2024 | $1.5600 |
| 2023 | $1.4000 |
| 2022 | $1.2000 |
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