McKesson Corporation (MCK) will raise its quarterly dividend by 21.4 percent to $0.34 per share in 2017. This marks the 10th consecutive year of annual dividend increases by the healthcare company.
The next dividend will be payable on October 2, 2017, to stockholders of record on September 1, 2017. Previously the company hiked its dividend by 16.7 percent in 2016. Last year MCK did not hike its dividend.
McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care company. McKesson partners with life sciences companies, manufacturers, providers, pharmacies, governments and other healthcare organizations to help provide medicines, medical products and healthcare service. The company has three reportable segments: U.S. Pharmaceutical and Specialty Solutions, European Pharmaceutical Solutions and Medical-Surgical Solutions. McKesson Corporation has paid a dividend every year since 1994.