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TMO (Thermo Fisher Scientific) 3-Year Dividend Growth Rate : 16.70% (As of Sep. 2024)


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What is Thermo Fisher Scientific 3-Year Dividend Growth Rate?

Thermo Fisher Scientific's Dividends per Share for the three months ended in Sep. 2024 was $0.39.

The historical rank and industry rank for Thermo Fisher Scientific's 3-Year Dividend Growth Rate or its related term are showing as below:

TMO' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 3.6   Med: 13.6   Max: 16.7
Current: 16.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Thermo Fisher Scientific was 16.70% per year. The lowest was 3.60% per year. And the median was 13.60% per year.

TMO's 3-Year Dividend Growth Rate is ranked better than
52.63% of 38 companies
in the Medical Diagnostics & Research industry
Industry Median: 14.7 vs TMO: 16.70

During the past 12 months, Thermo Fisher Scientific's average Dividends Per Share Growth Rate was 12.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 16.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 15.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Thermo Fisher Scientific's Dividend Payout Ratio for the three months ended in Sep. 2024 was 0.07. As of today, Thermo Fisher Scientific's Dividend Yield % is 0.28%.

Good Sign:

Thermo Fisher Scientific Inc stock dividend yield is close to 5-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Thermo Fisher Scientific's 3-Year Dividend Growth Rate

For the Diagnostics & Research subindustry, Thermo Fisher Scientific's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Thermo Fisher Scientific's 3-Year Dividend Growth Rate Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Thermo Fisher Scientific's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Thermo Fisher Scientific's 3-Year Dividend Growth Rate falls into.



Thermo Fisher Scientific 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Thermo Fisher Scientific  (NYSE:TMO) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Thermo Fisher Scientific's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Sep. 2024 )/ EPS without NRI (Q: Sep. 2024 )
=0.39/ 5.28
=0.07

During the past 13 years, the highest Dividend Payout Ratio of Thermo Fisher Scientific was 0.18. The lowest was 0.04. And the median was 0.09.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Thermo Fisher Scientific Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3900002024-09-132024-09-132024-10-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.3900002024-06-142024-06-142024-07-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.3900002024-03-142024-03-152024-04-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.3500002023-12-142023-12-152024-01-16Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Thermo Fisher Scientific's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.52/546.32
=0.28 %

Current Share Price is $546.32.
Thermo Fisher Scientific's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.52.

During the past 13 years, the highest Dividend Yield of Thermo Fisher Scientific was 0.51%. The lowest was 0.15%. And the median was 0.26%.

Good Sign:

Thermo Fisher Scientific Inc stock dividend yield is close to 5-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Thermo Fisher Scientific 3-Year Dividend Growth Rate Related Terms>


Thermo Fisher Scientific Business Description

Address
168 Third Avenue, Waltham, MA, USA, 02451
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The firm operates through four segments as of end-2023 (revenue figures include some cross-segment revenue): analytical technologies (17% of sales); specialty diagnostic products (10%); life science solutions (23%); and lab products and services, which includes CRO services (54%).
Executives
Marc N Casper officer: Senior Vice President C/O THERMO FISHER SCIENTIFIC, 168 THIRD AVENUE, WALTHAM MA 02451
Lisa P. Britt officer: Sr. VP and Chief HR Officer 168 THIRD AVENUE, WALTHAM MA 02451
Joseph R. Holmes officer: VP & Chief Accounting Officer 168 THIRD AVENUE, WALTHAM MA 02451
Gianluca Pettiti officer: Executive Vice President C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Michael A Boxer officer: Sr. VP and Gen. Counsel 168 THIRD AVENUE, WALTHAM MA 02451
Michel Lagarde officer: Senior Vice President 450 LEXINGTON AVE., 31ST FLOOR, NEW YORK NY 10017
Stephen Williamson officer: Sr. VP and CFO 81 WYMAN STREET, WALTHAM MA 02451
Debora L Spar director C/O GOLDMAN, SACHS & CO., 200 WEST STREET, NEW YORK NY 10282
Jennifer M Johnson director C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Jim P Manzi director 81 WYMAN ST, POST OFFICE BOX 9046, WALTHAM MA 02454
Ruby R Chandy director 630 DUNDEE ROAD, SUITE 400, NORTHBROOK IL 60062
Mark P Stevenson officer: Executive Vice President 850 LINCOLN CENTRE DRIVE, FOSTER CITY CA 94404
R. Alexandra Keith director ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Peter E Hornstra officer: Chief Accounting Officer 81 WYMAN ST, POST OFFICE BOX 9046, WALTHAM MA 02454
Syed A. Jafry officer: Sr. Vice President 345 E. MAIN STREET, WARSAW IN 46580