Health & Fitness
Thu, March 1, 2012
WALTHAM, Mass.--([ BUSINESS WIRE ])--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 a" the first in the companyas history.
"Effective capital deployment is an important part of our strategy for creating shareholder value"
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.
aEffective capital deployment is an important part of our strategy for creating shareholder value,a said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. aWe 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.a
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 Unitya" 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 ].
