Thermo Fisher declares first dividend of 13 cents
WALTHAM, Mass.—Scientific instrument and laboratory supply maker Thermo Fisher Scientific Inc. said Wednesday it will begin paying quarterly dividends, starting with a payment of 13 cents in April.
The company's first dividend will be paid April 16 to shareholders of record on March 15.
President and CEO Marc Casper said Thermo Fisher returns a significant amount of cash to its shareholders through stock buybacks, and the dividend furthers that goal. Casper said the company is performing well, is generating strong cash flows and has major growth opportunities.
The move comes in spite of some large acquisitions for Thermo Fisher. Its biggest deals in 2011 included spending $3.5 billion to buy Phadia, a Swedish company that makes blood test systems for allergy and auto-immune diseases, and $2.1 billion for laboratory equipment maker Dionex Corp.