The board of directors of Thermo Fisher Scientific Inc (NYSE:TMO) approved a quarterly cash dividend of USD0.19 per share of the company's common stock, it declared on Tuesday.

This cash dividend will be paid on 16 April 2019 to shareholders of record as of 15 March 2019.

Thermo Fisher Scientific added that the new payment reflects a growth of 12% increase over the prior dividend payment of USD0.17.

According to the company, its mission is to enable its customers to make the world healthier, cleaner and safer as well as accelerate life sciences research, solve complex analytical challenges, improve patient diagnostics, deliver medicines to market and increase laboratory productivity.