Thermo Fisher Scientific (TMO) Declares $0.15 Quarterly Dividend; Approves $1B Stock Buyback

Thermo Fisher Scientific (NYSE: TMO) declared a quarterly dividend of $0.15 per share, or $0.6 annualized.

The dividend will be payable on January 15, 2016, to stockholders of record on December 15, 2015, with an ex-dividend date of December 11, 2015.

The annual yield on the dividend is 0.5 percent.

TMO also announced that its board of directors has authorized the repurchase of $1 billion of shares of its common stock in the open market or in negotiated transactions. The new share repurchase authorization replaces the existing authorization, in which there was approximately $410 million remaining. The company intends to resume share repurchases in 2016.

For a dividend history and other dividend-related data on Thermo Fisher Scientific (TMO) click here.

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