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The Board of Directors of McKesson Corporation at its meeting today approved a change in its dividend policy by increasing the amount of the Company’s regular quarterly dividend by 50%.

The Board of Directors implemented the increase immediately by declaring a dividend of eighteen cents per share on the Common Stock, payable on July 1, 2010, to shareholders of record on June 10, 2010.

“Based on our confidence in our business and future cash flow generation, the Board of Directors has increased the quarterly dividend from twelve cents to eighteen cents per share,” said John H. Hammergren, chairman and chief executive officer. “We remain committed to our portfolio approach to capital deployment, which we believe will create significant value for our shareholders.”

McKesson Corporation, currently ranked 14th on the FORTUNE 500, is a healthcare services and information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes, and improving the quality and safety of patient care.

Source: McKesson Corporation