Thermo Fisher hikes dividend by 18.2%

Thermo Fisher Scientific (TMO) will raise its quarterly dividend by 18.2 percent to 26 cents per share in 2021. This follows a 15.8 percent hike to $0.22 per share in 2020. The company initiated a quarterly dividend in 2012 and increased its payout four times since 2018.

The next dividend is payable on April 16, 2021, to shareholders of record as of March 16, 2021. A new annualized rate of $1.04 per share yields 0.2% at a stock price of $466.

Thermo Fisher Scientific Inc. makes products that help its customers accelerate life sciences research, solve complex analytical challenges, improve patient diagnostics, deliver medicines to market and increase laboratory productivity. The company's segments are Analytical Instruments, Life Sciences Solutions, Specialty Diagnostics and Laboratory Products & Services. Thermo Fisher's brands include Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific and Unity Lab Services. The company has been paying a dividend every year since 2012.