5 Best Environmental Dividend Stocks To Buy According To Al Gore

3. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Hedge Fund Holders: 92
Generation Investment Management’s Stake Value: $487,833,143

Thermo Fisher Scientific Inc. (NYSE:TMO) is an American provider of medical equipment, analytical instruments, and other consumables. The company aims to manufacture products with minimal environmental impact. At the end of Q4 2022, Generation Investment Management owned stakes worth over $487.8 million in the company, which represented 2.81% of its 13F portfolio.

Thermo Fisher Scientific Inc. (NYSE:TMO) currently pays a quarterly dividend of $0.35 per share, having raised it by 17% on February 22. Through this increase, the company took its dividend growth streak to six years. The stock has a dividend yield of 0.24%, as recorded on April 15. It is among the best dividend stocks on our list.

At the end of Q4 2022, 92 hedge funds in Insider Monkey’s database owned stakes in Thermo Fisher Scientific Inc. (NYSE:TMO), the same as in the previous quarter. The collective value of these stakes is over $7 billion.

Polen Capital mentioned Thermo Fisher Scientific Inc. (NYSE:TMO) in its Q4 2022 investor letter. Here is what the firm has to say:

“Thermo Fisher Scientific Inc. (NYSE:TMO) is a leader in attractive end markets with a skilled management team who has demonstrated the ability to consistently and wisely allocate capital. It is the world leader in serving science. It is a globally scaled supplier serving more than 400,000 customers working within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, research institutions, and government agencies. Thermo provides many of the products and services that companies in these industries, particularly pharma and biotech, need to operate and drive science forward. The company manufactures and sells instruments, reagents, and consumables used for a wide range of applications in labs. (Click here to view the full text)