WALTHAM, Mass., September 29, 2022--Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, recently signed an eight-year virtual power purchasing agreement with Enel North America to deliver a 90-megawatt (MW) portion of the Seven Cowboy wind project in western Oklahoma. Thermo Fisher will purchase approximately 400,000 megawatt hours (MWh) of renewable electricity, equal to half of the company’s current U.S. electricity needs.
Thermo Fisher Scientific (TMO) closed the most recent trading day at $517.83, moving +1.8% from the previous trading session.
For a dividend to double in five years, a company would need to raise its quarterly payments by an average of just under 15% per year. Thermo Fisher Scientific (NYSE: TMO) and FedEx (NYSE: FDX) are businesses with solid financials that have been making generous dividend hikes in recent years. Thermo Fisher is a top healthcare company that generates revenue from diverse revenue streams, including laboratory products, diagnostics, life sciences solutions, and analytical instruments.