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Thermo Fisher Scientific Inc. (NYSE:TMO) Announces Quarterly Dividend of $0.47
Thermo Fisher Scientific (NYSE:TMO) has announced a quarterly dividend of $0.47 per share, a 9.3% increase from its previous dividend. This dividend, payable on April 15th to shareholders of record by March 13th, is well-covered by the company’s earnings, with a payout ratio of about 7%. The company also exceeded quarterly earnings estimates and authorized a $5.0 billion share buyback program.