5 Dividend Stocks with Sustainable Payout Ratios

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

Number of Hedge Fund Holders: 109
5-Year Average Payout Ratio: 7.10%

With a 5-year average payout ratio of just 7.10%, Thermo Fisher Scientific Inc. (NYSE:TMO) is next on our list of the best dividend stocks with sustainable payout ratios. The global scientific and biotech company has been growing its dividends for six consecutive years and currently offers a per-share dividend of $0.35 every quarter. As of January 23, the stock has a dividend yield of 0.25%.

As of the end of the September quarter of 2023, 109 hedge funds in Insider Monkey’s database owned stakes in Thermo Fisher Scientific Inc. (NYSE:TMO), up from 103 a quarter earlier. The total value of these stakes is nearly $9 billion. With 3.2 million shares, TCI Fund Management was the company’s leading stakeholder in Q3.

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