Thermo Fisher Scientific (TMO) Dividend History & Yield
Dividend ChallengerThermo Fisher Scientific (TMO) has increased its dividend for 9 consecutive years and currently yields 0.39%. The most recent dividend was $0.4700/share on Apr 15, 2026, paid Quarterly.
Current Yield
0.39%
TTM Dividend/Share
$1.76
Payment Frequency
Quarterly
Payout Ratio
9.7%
Consecutive Growth Years
9 (Dividend Challenger)
Div Growth (1Y CAGR)
10.26%
Div Growth (5Y CAGR)
14.34%
Div Growth (10Y CAGR)
11.11%
TMO: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
14.7%
FCF payout ratio
2.4%
Net debt / EBITDA
3.6x
Interest coverage
5.46x
ROIC (TTM)
9.1%
Dividend Safety Score
4 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 9.7%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($16.74) covers dividend/share ($1.76).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 9 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 2.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.6x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (14.3%) exceeds EPS growth (-1.0%) — payout ratio expanding.
Per-payment dividend history
Ex-date Mar 13, 2026
- Payment date
- Apr 15, 2026
- Dividend
- $0.4700
- Adj. dividend
- $0.4700
Ex-date Dec 15, 2025
- Payment date
- Jan 15, 2026
- Dividend
- $0.4300
- Adj. dividend
- $0.4300
Ex-date Sep 15, 2025
- Payment date
- Oct 15, 2025
- Dividend
- $0.4300
- Adj. dividend
- $0.4300
Ex-date Jun 13, 2025
- Payment date
- Jul 15, 2025
- Dividend
- $0.4300
- Adj. dividend
- $0.4300
Ex-date Mar 14, 2025
- Payment date
- Apr 15, 2025
- Dividend
- $0.4300
- Adj. dividend
- $0.4300
Ex-date Dec 13, 2024
- Payment date
- Jan 15, 2025
- Dividend
- $0.3900
- Adj. dividend
- $0.3900
Ex-date Sep 13, 2024
- Payment date
- Oct 15, 2024
- Dividend
- $0.3900
- Adj. dividend
- $0.3900
Ex-date Jun 14, 2024
- Payment date
- Jul 15, 2024
- Dividend
- $0.3900
- Adj. dividend
- $0.3900
Ex-date Mar 14, 2024
- Payment date
- Apr 15, 2024
- Dividend
- $0.3900
- Adj. dividend
- $0.3900
Ex-date Dec 14, 2023
- Payment date
- Jan 16, 2024
- Dividend
- $0.3500
- Adj. dividend
- $0.3500
Ex-date Sep 14, 2023
- Payment date
- Oct 13, 2023
- Dividend
- $0.3500
- Adj. dividend
- $0.3500
Ex-date Jun 14, 2023
- Payment date
- Jul 14, 2023
- Dividend
- $0.3500
- Adj. dividend
- $0.3500
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Mar 13, 2026 | Apr 15, 2026 | $0.4700 | $0.4700 |
| Dec 15, 2025 | Jan 15, 2026 | $0.4300 | $0.4300 |
| Sep 15, 2025 | Oct 15, 2025 | $0.4300 | $0.4300 |
| Jun 13, 2025 | Jul 15, 2025 | $0.4300 | $0.4300 |
| Mar 14, 2025 | Apr 15, 2025 | $0.4300 | $0.4300 |
| Dec 13, 2024 | Jan 15, 2025 | $0.3900 | $0.3900 |
| Sep 13, 2024 | Oct 15, 2024 | $0.3900 | $0.3900 |
| Jun 14, 2024 | Jul 15, 2024 | $0.3900 | $0.3900 |
| Mar 14, 2024 | Apr 15, 2024 | $0.3900 | $0.3900 |
| Dec 14, 2023 | Jan 16, 2024 | $0.3500 | $0.3500 |
| Sep 14, 2023 | Oct 13, 2023 | $0.3500 | $0.3500 |
| Jun 14, 2023 | Jul 14, 2023 | $0.3500 | $0.3500 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Thermo Fisher Scientific has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 9 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $1.7200 | — | — |
| 2025 | $1.5600 | $1.7200 | +10.3% |
| 2024 | $1.4000 | $1.5600 | +11.4% |
| 2023 | $1.2000 | $1.4000 | +16.7% |
| 2022 | $1.0400 | $1.2000 | +15.4% |
| 2021 | $0.8800 | $1.0400 | +18.2% |
| 2020 | $0.7600 | $0.8800 | +15.8% |
| 2019 | $0.6800 | $0.7600 | +11.8% |
| 2018 | $0.6000 | $0.6800 | +13.3% |
| 2017 | $0.6000 | $0.6000 | 0.0% |
| 2016 | $0.6000 | $0.6000 | 0.0% |
| 2015 | $0.6000 | $0.6000 | 0.0% |
| 2014 | $0.6000 | $0.6000 | 0.0% |
| 2013 | $0.5400 | $0.6000 | +11.1% |
| 2012 | — | $0.5400 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Thermo Fisher Scientific (TMO) from the consolidated cash flow statement, in USD as filed.
Latest period
$649.00M
YoY change
+9.1%
5Y CAGR
+13.5%
Peak year (2025)
$636.00M
Latest annual
$636.00M
Cash dividends paid over time for Thermo Fisher Scientific (TMO)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Thermo Fisher Scientific (TMO)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $636.00M | +9.1% | +$53.00M | ||
| 2024 | $583.00M | +11.5% | +$60.00M | ||
| 2023 | $523.00M | +14.9% | +$68.00M | ||
| 2022 | $455.00M | +15.2% | +$60.00M | ||
| 2021 | $395.00M | +17.2% | +$58.00M | ||
| 2020 | $337.00M | +13.5% | +$40.00M | ||
| 2019 | $297.00M | +11.7% | +$31.00M | ||
| 2018 | $266.00M | +12.2% | +$29.00M | ||
| 2017 | $237.00M | -0.6% | -$1.40M | ||
| 2016 | $238.40M | -0.9% | -$2.20M | ||
| 2015 | $240.60M | +2.5% | +$5.80M | ||
| 2014 | $234.80M | +8.6% | +$18.60M | ||
| 2013 | $216.20M | +52.0% | +$74.00M | ||
| 2012 | $142.20M | — | +$142.20M | ||
| 2011 | $0 | — | $0 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | — | $0 | ||
| 2008 | $0 | — | $0 | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | — | $0 | ||
| 1991 | $0 | -100.0% | -$600,000 | ||
| 1990 | $600,000 | — | +$600,000 | ||
| 1989 | $0 | — | — |
As of the 2025 fiscal year, Thermo Fisher Scientific (TMO) reported dividends paid of $636.00M – grew 9.1% year-over-year.
Thermo Fisher Scientific dividends paid compound annual growth for the 2020–2025 (5 years) window is +13.5%, sustaining 8 straight years of year-over-year growth.
2025 marks the peak dividends paid at $636.00M, with the historical low of $0 recorded in 1989.
Within Healthcare, Thermo Fisher Scientific (TMO) ranks 9th among 8 peers we track. The peer median for dividends paid is $8.05B.
Thermo Fisher Scientific Dividends Paid 2025: $636.00M
Thermo Fisher Scientific dividends paid in 2025 was $636.00M, grew 9.1% from 2024. This figure represents the highest annual value in the available history.
Thermo Fisher Scientific Dividends Paid 2024: $583.00M
Thermo Fisher Scientific dividends paid in 2024 was $583.00M, grew 11.5% from 2023.
Thermo Fisher Scientific Dividends Paid 2023: $523.00M
Thermo Fisher Scientific dividends paid in 2023 was $523.00M, grew 14.9% from 2022.
Thermo Fisher Scientific Dividends Paid 2022: $455.00M
Thermo Fisher Scientific dividends paid in 2022 was $455.00M, grew 15.2% from 2021.
Thermo Fisher Scientific Dividends Paid 2021: $395.00M
Thermo Fisher Scientific dividends paid in 2021 was $395.00M.
See more financial history for Thermo Fisher Scientific (TMO).
Sector peers by dividends paid
Companies in the same sector as Thermo Fisher Scientific, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Novo Nordisk (NVO) | $51.76B | Healthcare |
| Johnson & Johnson (JNJ) | $12.38B | Healthcare |
| AbbVie (ABBV) | $11.66B | Healthcare |
| Merck & Co. (MRK) | $8.18B | Healthcare |
| UnitedHealth Group (UNH) | $7.92B | Healthcare |
| Eli Lilly (LLY) | $5.38B | Healthcare |
| Amgen (AMGN) | $5.12B | Healthcare |
| AstraZeneca (AZN) | $5.08B | Healthcare |
Frequently asked questions
Does Thermo Fisher Scientific pay dividends?
Yes, Thermo Fisher Scientific (TMO) pays quarterly dividends of approximately $1.76 per share annually, yielding 0.39%.
What is Thermo Fisher Scientific's dividend yield?
Thermo Fisher Scientific (TMO) has a current dividend yield of 0.39%.
Is Thermo Fisher Scientific's dividend safe?
Thermo Fisher Scientific (TMO) passes 4 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Thermo Fisher Scientific increased its dividend?
Thermo Fisher Scientific (TMO) has 9 consecutive years of dividend increases.
What is Thermo Fisher Scientific's dividend payout ratio?
Thermo Fisher Scientific (TMO) has a dividend payout ratio of 9.7%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Thermo Fisher Scientific's dividends paid?
Latest reported dividends paid for Thermo Fisher Scientific (TMO) is $649.00M (period ending March 28, 2026).
How has Thermo Fisher Scientific dividends paid changed year-over-year?
Thermo Fisher Scientific (TMO) dividends paid changed +9.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Thermo Fisher Scientific dividends paid?
Thermo Fisher Scientific (TMO) dividends paid compound annual growth rate is +13.5% over the most recent 5 years available.
When did Thermo Fisher Scientific dividends paid hit its highest annual value?
Thermo Fisher Scientific dividends paid reached its highest annual value of $636.00M in 2025.
What was Thermo Fisher Scientific dividends paid in 2024?
Thermo Fisher Scientific (TMO) dividends paid in 2024 was $583.00M.
What was Thermo Fisher Scientific dividends paid in 2025?
Thermo Fisher Scientific (TMO) dividends paid in 2025 was $636.00M.
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