McKesson Corporation (MCK) will raise its quarterly dividend by 14.7 percent to $0.39 per share in 2018. This marks the 11th consecutive year of dividend increases for the healthcare company. Last year McKesson hiked its dividend by $0.06 to $0.34 per share quarterly (+21.4 pct).
The next dividend will be payable on October 1, 2018, to stockholders of record on September 4, 2018. At a stock price of $127.06 the new annual dividend of $1.56 yields 1.2%.
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.