McKesson Corporation (MCK) will raise its quarterly dividend by 5.1 percent to $0.41 per share in 2019. This marks the 12th consecutive year of dividend increases for the healthcare company. Last year MCK hiked its dividend by 14.7 percent.

The next dividend will be payable on October 1, 2019, to stockholders of record on September 3, 2019. A new annual rate of $1.64 per share yields 1.2% at a stock price of $140.

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.