Thermo Fisher Scientific (NYSE:TMO) is continuing to roll out dividends for its shareholders. The company has declared a quarterly disbursement of $0.15 per share, to be paid on October 15 to shareholders of record as of September 16. That amount matches each of the firm's previous three distributions, the most recent of which is to be dispensed on July 15. Prior to that, Thermo Fisher Scientific handed out $0.13 per share.
Since initiating dividends with a payout at that $0.13 rate in April 2012, the company has paid a distribution in every subsequent quarter.
The just-declared distribution annualizes to $0.60 per share. That yields a modest 0.7% at Thermo Fisher Scientific's most recent closing stock price of $88.19.
Fool contributor Eric Volkman has no position in Thermo Fisher Scientific. The Motley Fool recommends Thermo Fisher Scientific. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.