Thermo Fisher Scientific Inc.
TMOHealthcare · Stock · quarterly payer
Forward Yield
0.29%
Annual Dividend
$1.88
Payout Ratio
10%
5-Yr Growth
14.3%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Summary
As of September 2026, Thermo Fisher Scientific Inc. (TMO) yields 0.29% ($1.88 per share annually), with a blended fair-value estimate of $393.10 — -40% downside, so it screens as overvalued. Dividend safety grade: A (89/100). 8 years of dividend growth.
Is TMO a good dividend stock?
YesThermo Fisher Scientific Inc. (TMO) pays a quarterly dividend yielding 0.29% ($1.88/yr), with 8 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (10%)
- Strong 14.3% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.29%
- Payout Ratio
- 10%
- Annual Dividend
- $1.88
- 5-Yr Avg Growth
- 14.3%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 8
- Frequency
- quarterly
- Beta
- 0.85
- Market Cap
- $240.9B
- P/E Ratio
- 35.1
- 5-Yr Total Return
- 3%
- 52-Week Range
- $435.27 – $663.57
- Dividend Safety
- A · 89/100
- Ever Cut?
- No
Frequently Asked Questions
TMO Price — Last 12 Months
Daily close
Price Return
1 Year
+15%
3 Years
+46%
5 Years
+3%
52-Week Range
$435.27 – $663.57
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TMO worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Thermo Fisher Scientific Inc. is $393.10 per share, versus a market price of $651.45. That implies 40% of downside.
Fair Value
$393.10
Current Price
$651.45
Downside
-40%
Margin of Safety
-66%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 10.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.6% discount rate (CAPM), 10.5% stage-1 growth, 2.5% terminal growth, $18.57 EPS, $1.88 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TMO Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.4700 | regular |
| Jun 15, 2026 | — | $0.4700 | regular |
| Mar 13, 2026 | — | $0.4700 | regular |
| Dec 15, 2025 | — | $0.4300 | regular |
| Sep 15, 2025 | — | $0.4300 | regular |
| Jun 13, 2025 | — | $0.4300 | regular |
| Mar 14, 2025 | — | $0.4300 | regular |
| Dec 13, 2024 | — | $0.3900 | regular |
| Sep 13, 2024 | — | $0.3900 | regular |
| Jun 14, 2024 | — | $0.3900 | regular |
| Mar 14, 2024 | — | $0.3900 | regular |
| Dec 14, 2023 | — | $0.3500 | regular |
| Sep 14, 2023 | — | $0.3500 | regular |
| Jun 14, 2023 | — | $0.3500 | regular |
Income Calculator
At $1.88 / yr per share
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