Thermo Fisher Scientific (TMO) Dividend
Thermo Fisher Scientific Inc. · Healthcare · Diagnostics & Research · quarterly payer
As of Nov 5, 2026, Thermo Fisher Scientific (TMO) pays a quarterly dividend of $0.47 per share, or $1.88 a year, a 0.27% yield at its $696.79 share price. It pays every quarter, usually in January, April, July and October. It has raised its dividend 8 years in a row and has a dividend safety grade of A.
Forward Yield
0.27%
Annual Dividend
$1.88
Payout Ratio
10%
5-Yr Growth
14.3%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Key facts about TMO's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Thermo Fisher Scientific Inc. (TMO) has a forward dividend yield of 0.27%, based on an annual dividend of $1.88 per share and a share price of $696.79.
- As of Nov 5, 2026, TMO's dividend safety grade from SmarterDividends is A (91 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Thermo Fisher Scientific Inc. (TMO) has raised its dividend for 8 consecutive years as of Nov 5, 2026.
- TMO has never cut its regular dividend in the payment history SmarterDividends has on record.
- TMO's most recent ex-dividend date was Sep 15, 2026, for a dividend of $0.47 per share.
- As of Nov 5, 2026, TMO pays out 10% of its trailing 12-month earnings as dividends (its payout ratio).
- TMO's dividend has grown at an average rate of 14.3% a year over the past five years.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for TMO is $422.22 per share, 39% below the $696.79 share price, so TMO screens as overvalued.
- Thermo Fisher Scientific Inc. (TMO) pays its dividend quarterly, 4 times a year.
- Thermo Fisher Scientific Inc. (TMO) has raised its regular dividend 10 times and cut it 0 times across the 63 payments on record since 1993. Its most recent change was a 9.3% increase to $0.470 per share, going ex-dividend on Mar 13, 2026.
- Thermo Fisher Scientific (TMO) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 9.3%, was declared on Feb 25, 2026.
Cite this page
SmarterDividends, "TMO Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/TMO
Is TMO a good dividend stock?
YesThermo Fisher Scientific Inc. (TMO) pays a quarterly dividend yielding 0.27% ($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
- 0.27%
- 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
- 0.84
- Market Cap
- $258.2B
- P/E Ratio
- 36.8
- 5-Yr Total Return
- 10%
- 52-Week Range
- $435.27 – $711.85
- Dividend Safety
- A · 91/100
- Ever Cut?
- No
TMO dividend raises and cuts
Thermo Fisher Scientific Inc. (TMO) has raised its regular dividend 10 times and cut it 0 times across the 63 payments on record since 1993. Its most recent change was a 9.3% increase to $0.470 per share, going ex-dividend on Mar 13, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 13, 2026 | Raise | $0.430 → $0.470 | +9.3% |
| Mar 14, 2025 | Raise | $0.390 → $0.430 | +10.3% |
| Mar 14, 2024 | Raise | $0.350 → $0.390 | +11.4% |
| Mar 14, 2023 | Raise | $0.300 → $0.350 | +16.7% |
| Mar 15, 2022 | Raise | $0.260 → $0.300 | +15.4% |
| Mar 15, 2021 | Raise | $0.220 → $0.260 | +18.2% |
| Mar 13, 2020 | Raise | $0.190 → $0.220 | +15.8% |
| Mar 14, 2019 | Raise | $0.170 → $0.190 | +11.8% |
| Mar 14, 2018 | Raise | $0.150 → $0.170 | +13.3% |
| Dec 13, 2012 | Raise | $0.130 → $0.150 | +15.4% |
Frequently Asked Questions
Is TMO a good dividend stock?
Yes. Thermo Fisher Scientific Inc. (TMO) pays a quarterly dividend yielding 0.27% ($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.
Is TMO undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TMO's fair value is about $422.22 versus a $696.79 share price — so it looks overvalued (-39% vs. fair value).
Is TMO's dividend safe?
TMO has a dividend-safety grade of A (91/100), based on its payout coverage, free-cash-flow, 8-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is TMO's fair value?
Our blended fair-value estimate for TMO is about $422.22 per share, about 39% below the current $696.79 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is TMO a buy, hold, or sell?
We don't issue formal ratings, but on the data TMO screens as "yes" and overvalued. Thermo Fisher Scientific Inc. (TMO) pays a quarterly dividend yielding 0.27% ($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. This is research for your own analysis, not investment advice.
Will TMO cut its dividend?
TMO earns a dividend-safety grade of A (91/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does TMO pay a dividend?
Yes. Thermo Fisher Scientific Inc. pays a quarterly dividend of about $1.88 per share annually, a forward yield of roughly 0.27%.
How much dividend does 100 shares of TMO pay?
At $1.88 per share a year, 100 shares of TMO pay $188.00 a year in dividends before tax, about $47.00 each quarter. Buying them costs about $69,679 at the Nov 5, 2026 price.
What is TMO's dividend yield?
As of Nov 5, 2026, TMO's forward dividend yield is 0.27%, based on a $1.88 annual dividend and a $696.79 share price.
What is TMO's dividend per share?
As of Nov 5, 2026, TMO pays $1.88 per share per year, distributed on a quarterly basis.
What is TMO's dividend payout ratio?
As of Nov 5, 2026, TMO's payout ratio is 10% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has TMO grown its dividend?
As of Nov 5, 2026, TMO has increased its dividend for 8 consecutive years.
When is the next TMO ex-dividend date?
As of Nov 5, 2026, TMO's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $0.47 per share.
TMO Price — Last 12 Months
Daily close
Price Return
1 Year
+18%
3 Years
+41%
5 Years
+10%
52-Week Range
$435.27 – $711.85
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 $422.22 per share, versus a market price of $696.79. That implies 39% of downside.
Fair Value
$422.22
Current Price
$696.79
Downside
-39%
Margin of Safety
-65%
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 19.7% annual free-cash-flow growth. We model 10.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.7% discount rate (CAPM), 10.4% growth for five years fading to 2.5% over the next five, $18.96 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
Full TMO dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | Oct 15, 2026 | $0.4700 | regular |
| Jun 15, 2026 | Jul 15, 2026 | $0.4700 | regular |
| Mar 13, 2026 | Apr 15, 2026 | $0.4700 | regular |
| Dec 15, 2025 | Jan 15, 2026 | $0.4300 | regular |
| Sep 15, 2025 | Oct 15, 2025 | $0.4300 | regular |
| Jun 13, 2025 | Jul 15, 2025 | $0.4300 | regular |
| Mar 14, 2025 | Apr 15, 2025 | $0.4300 | regular |
| Dec 13, 2024 | Jan 15, 2025 | $0.3900 | regular |
| Sep 13, 2024 | Oct 15, 2024 | $0.3900 | regular |
| Jun 14, 2024 | Jul 15, 2024 | $0.3900 | regular |
| Mar 14, 2024 | Apr 15, 2024 | $0.3900 | regular |
| Dec 14, 2023 | Jan 16, 2024 | $0.3500 | regular |
| Sep 14, 2023 | Oct 13, 2023 | $0.3500 | regular |
| Jun 14, 2023 | Jul 14, 2023 | $0.3500 | regular |
Income Calculator
At $1.88 / yr per share
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