McKesson Corporation (NYSE:MCK) to Issue Quarterly Dividend of $0.82

McKesson Corporation (NYSE:MCK) declared a quarterly dividend on Tuesday, April 21st. Shareholders of record on Monday, June 1st will be given a dividend of 0.82 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, June 1st.

McKesson has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 17 years. McKesson has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect McKesson to earn $44.26 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 7.4%.

McKesson Price Performance

NYSE MCK traded down $13.31 during trading on Wednesday, reaching $828.94. 1,117,950 shares of the company’s stock traded hands, compared to its average volume of 754,688. The firm has a market cap of $101.54 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.24 and a beta of 0.42. The company’s 50 day simple moving average is $910.28 and its two-hundred day simple moving average is $856.99. McKesson has a 12-month low of $637.00 and a 12-month high of $999.00.

McKesson (NYSE:MCK) last posted its earnings results on Wednesday, February 4th. The company reported $9.34 EPS for the quarter, beating analysts’ consensus estimates of $9.19 by $0.15. McKesson had a net margin of 1.09% and a negative return on equity of 338.97%. The business had revenue of $106.16 billion for the quarter, compared to the consensus estimate of $105.98 billion. During the same quarter last year, the firm posted $8.03 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. McKesson has set its FY 2026 guidance at 38.800-39.200 EPS. Research analysts expect that McKesson will post 39.02 earnings per share for the current fiscal year.

About McKesson

McKesson Corporation (NYSE: MCK) is a global healthcare services and distribution company that supplies pharmaceuticals, medical-surgical products and health care technology solutions. Founded in 1833 and headquartered in Irving, Texas, McKesson operates across the drug distribution and healthcare services value chain, connecting manufacturers, pharmacies, hospitals and health systems to help manage the movement of medicines and clinical supplies.

The company’s core activities include pharmaceutical wholesale distribution and logistics, specialty pharmacy services, and the provision of medical-surgical supplies to acute and non-acute care providers.