5 Dividend Challengers for 2022

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

Number of Hedge Fund Holders: 95

Dividend Yield as of April 22: 0.21%

Number of Years of Consecutive Dividend Increases: 5

Thermo Fisher Scientific Inc. (NYSE:TMO) is a Massachusetts-based company that provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and services worldwide. Thermo Fisher Scientific Inc. (NYSE:TMO) made it to our list of dividend challengers for 2022, with a history of increasing dividends consecutively for five years. 

On February 23, Thermo Fisher Scientific Inc. (NYSE:TMO) declared a $0.30 per share quarterly dividend, a 15% increase from its earlier dividend of $0.26. The dividend was paid to shareholders of the company for April 14. 

Thermo Fisher Scientific Inc. (NYSE:TMO) posted its Q4 2021 results on February 2, announcing earnings per share of $6.54, beating market consensus by $1.27. The $10.70 billion revenue outperformed analysts’ predictions by $1.45 billion.

On April 20, the company inaugurated its new high-tech production facility in Utah, to develop vaccines and targeted therapies. The $44 million facility is part of Thermo Fisher Scientific Inc. (NYSE:TMO)’s $650 million multi-year investment announced last year, to promote flexible, scalable, and dependable production of new and existing biologics and vaccines, including for COVID-19.

According to the fourth quarter database of Insider Monkey, 95 hedge funds were bullish on Thermo Fisher Scientific Inc. (NYSE:TMO), compared to 94 funds in the prior quarter. The total stakes held in Q4 amounted to $9.4 billion, up from $8.2 billion. Ken Fisher’s Fisher Asset Management is the biggest shareholder of the company, with a position worth $1.4 billion. 

Here is what ClearBridge Investments Sustainability Leaders Strategy has to say about Thermo Fisher Scientific Inc. (NYSE:TMO) in its Q4 2021 investor letter:

“Improving health remains a key impact theme for the portfolio, and over the past year or so we have increased our exposure to the health care sector, through the addition of Thermo Fisher Scientific, a leading health care tools company, a leading provider of fertility benefit management services to self-insured employers that offers a rare win-win-win for employers, employees, health systems, and doctors, with clear savings and quality improvements.”

You can also take a look at 10 Blue Chip Stocks with Dividends and 10 Dividend Stocks Better Than Cryptocurrencies. 

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