McKesson raises quarterly dividend by 50 percent

SAN FRANCISCO

Drug distributor McKesson Corp. on Wednesday increased its regular quarterly dividend by 50 percent to 18 cents per share, effective immediately.

The dividend is payable July 1 to shareholders of record on June 10.

McKesson's net income rose 24 percent in its fiscal fourth quarter on a mix of higher drug and surgical distribution revenue.

Shares of the company rose 20 cents to $68.08 in extended trading.