McKesson (NYSE:MCK) has decided to keep its quarterly dividend steady and level. The company declared a distribution of $0.20 per share of its common stock to be paid on July 1 to holders of record as of June 7. That amount matches the firm's previous eight quarterly disbursements, the most recent of which was handed out at the beginning of April. Prior to that, McKesson paid $0.18 per share.

The firm regularly pays dividends, but tends to raise them only occasionally. Since 2000, it has lifted its payout only three times.

The just-declared dividend annualizes to $0.80 per share. That yields 0.7% at McKesson's most recent closing stock price of $117.55.

Fool contributor Eric Volkman has no position in McKesson. The Motley Fool recommends McKesson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.