Thermo Fisher Scientific Inc. (TMO) Dividend History
Income profile from 1993 to 2026 with payout safety and yield-on-cost trend
TMO Dividend Income Check
Safety
9.4% payout ratio with sustainable safety profile.
Consistency
8 straight years of dividend increases.
Income Trend
Yield on cost is 0.4% and trend is rising.
TMO Dividend Scorecard
Yield & Income
Payout Safety
Growth
Total Returns
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
TMO Income Growth Story
Dividend per share and yield on cost over time (18 years of payments)
TMO Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Thermo Fisher Scientific Inc. distributes 9.4% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 9.3%, rated "Well Covered".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
TMO has raised its dividend for 8 consecutive years, with a 3-year CAGR of 12.7% and 5-year CAGR of 14.3%.
Total Shareholder Returns
Beyond cash dividends, TMO returns capital through share repurchases. The combined picture: 0.4% dividend yield, 1.7% buyback yield, 2.1% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 0.4% and is currently rising. The 5-year total return is -2.2%, with dividends contributing 1.5% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $32,061 today.
TMO Recent Dividend Payments
Last 20 payments · Semi-Annual
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 15, 2026Latest | $0.4700 | — | 38.00% | Jul 15, 2026 |
| Mar 13, 2026 | $0.4700 | ↑ +9.3% | 37.90% | Apr 15, 2026 |
| Dec 15, 2025 | $0.4300 | — | 29.87% | Jan 15, 2026 |
| Sep 15, 2025 | $0.4300 | — | 35.41% | Oct 15, 2025 |
| Jun 13, 2025 | $0.4300 | — | 40.72% | Jul 15, 2025 |
| Mar 14, 2025 | $0.4300 | ↑ +10.3% | 30.65% | Apr 15, 2025 |
| Dec 13, 2024 | $0.3900 | — | 29.61% | Jan 15, 2025 |
| Sep 13, 2024 | $0.3900 | — | 24.87% | Oct 15, 2024 |
TMO Dividend vs Peers
Comparable companies in the same industry
TMO Annual Dividend History (1989–2026)
38 years of dividend data
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.94 | — | 2 | — | — | — | 0.2% |
| 2025 | $1.72 | 10.3% | 4 | $17.74 | 9.7% | 10.31x | 0.4% |
| 2024 | $1.56 | 11.4% | 4 | $16.53 | 9.4% | 10.60x | 0.3% |
| 2023 | $1.40 | 16.7% | 4 | $15.45 | 9.1% | 11.04x | 0.3% |
| 2022 | $1.20 | 15.4% | 4 | $17.64 | 6.8% | 14.70x | 0.3% |
| 2021 | $1.04 | 18.2% | 4 | $19.46 | 5.3% | 18.71x | 0.2% |
| 2020 | $0.88 | 15.8% | 4 | $15.98 | 5.5% | 18.16x | 0.2% |
| 2019 | $0.76 | 11.8% | 4 | $9.17 | 8.3% | 12.07x | 0.2% |
| 2018 | $0.68 | 13.3% | 4 | $7.24 | 9.4% | 10.65x | 0.1% |
| 2017 | $0.60 | 0.0% | 4 | $5.59 | 10.7% | 9.32x | 0.1% |
Full Stock Analysis
Deep dive into TMO consensus models and risk factors.
Should I Buy TMO?
Wall Street verdict, signals, and target summaries.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
33+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
TMO — Frequently Asked Questions
Quick answers to the most common questions about buying TMO stock.
How much dividend does TMO pay per share?
Thermo Fisher Scientific Inc. (TMO) pays a trailing 12-month dividend of $1.69 per share, with a current dividend yield of +0.4%. Payments are made Semi-Annual.
When is TMO's next ex-dividend date?
TMO's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. TMO typically pays dividends Semi-Annual.
Is TMO's dividend safe?
TMO's dividend safety is rated "Sustainable" based on an earnings payout ratio of +9.4% and FCF payout ratio of +9.3%. The 8-year growth streak provides moderate confidence.
Is TMO a Dividend Payer?
Yes, Thermo Fisher Scientific Inc. is classified as a Dividend Payer with 8 consecutive years of dividend increases. The 5-year dividend CAGR is +14.3%, demonstrating above-inflation dividend growth.
How often does TMO pay dividends?
Thermo Fisher Scientific Inc. pays dividends Semi-Annual. The trailing 12-month total is $1.69 per share. Dividend data on this page covers 33+ years from 1993 to 2026.
How much would $10,000 invested in TMO grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in TMO five years ago would be worth approximately $9,782 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is TMO's yield on cost for long-term holders?
TMO's yield on cost — the current dividend divided by the original purchase price — is +0.4% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +0.4% market yield, thanks to consistent dividend growth.