This article first appeared on GuruFocus.
Thermo Fisher Scientific (NYSE:TMO) just announced a big win for shareholders a $5 billion stock buyback plan with no expiration date. That means the company can repurchase shares at its own pace, whenever the timing feels right.
Alongside that, Thermo Fisher is keeping things steady on the income side, maintaining its quarterly dividend at $0.43 per share.
It’s a confident move that signals the company’s strong balance sheet and steady cash flow. By buying back stock and sticking with its dividend, Thermo Fisher is showing it can balance growth investments with shareholder rewards a combo investors always like to see.