McKesson Corporation (MCK) will raise its quarterly dividend by 11.9 percent to 47 cents in 2021. This comes after a 2.4 percent hike to 42 cents per share wsa announced in 2020. This also marks the 14th consecutive year of dividend increases for the healthcare company.

The next dividend will be payable on October 1, 2021, to stockholders of record on September 1, 2021. A new annual dividend rate of $1.88 per share yields 0.9% at a stock price of $202.

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.