Healthcare Giant Raises Dividend By 15%

McKesson Corp. MCK, -0.35% said Monday that it raised its quarterly dividend declared July 21 to $0.62 per share, a 15% increase from $0.54 per share in the prior quarter. “The dividend increase reflects confidence in our strategy and ability to generate sustained strong cash flows,” McKesson CEO Brian Tyler said in a statement. The dividend will be payable Oct. 2 to shareholders of record on Sept. 1. McKesson stock is up 10.4% in the year to date, while the S&P 500 SPX, -0.02% has gained 18%.

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