WALTHAM, Mass.--(BUSINESS WIRE)--Feb. 29, 2012--
Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving
science, today announced that its board of directors has approved the
initiation of a quarterly cash dividend to its shareholders – the first
in the company’s history.
The initial quarterly cash dividend of $0.13 per share will be paid on
April 16 to shareholders of record as of the close of business on March
15. Future declarations of dividends are subject to board approval and
may be adjusted as business needs or market conditions change.
“Effective capital deployment is an important part of our strategy for
creating shareholder value,” said Marc N. Casper, president and chief
executive officer of Thermo Fisher Scientific. “We have a great
acquisition track record, and will continue to pursue opportunities that
generate long-term growth. We also return a significant amount of
capital to our shareholders through share buybacks. The decision by our
board to incorporate a dividend into our capital deployment strategy is
testament to our strong financial performance, consistent cash flow
generation and excellent growth opportunities.”
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving
science. Our mission is to enable our customers to make the world
healthier, cleaner and safer. With revenues of $12 billion, we have
approximately 39,000 employees and serve customers within pharmaceutical
and biotech companies, hospitals and clinical diagnostic labs,
universities, research institutions and government agencies, as well as
in environmental and process control industries. We create value for our
key stakeholders through three premier brands, Thermo Scientific, Fisher
Scientific and Unity™ Lab Services, which offer a unique combination of
innovative technologies, convenient purchasing options and a single
solution for laboratory operations management. Our products and services
help our customers solve complex analytical challenges, improve patient
diagnostics and increase laboratory productivity. Visit www.thermofisher.com.
Source: Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc.
Media Contact Information:
Ken Apicerno, 781-622-1294