McKesson Corporation (MCK) to Issue Quarterly Dividend of $0.82 on July 1st

McKesson Corporation (NYSE:MCK) announced a quarterly dividend on Tuesday, April 21st. Investors 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 by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 17 years. McKesson has a dividend payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.6%

MCK opened at $828.94 on Thursday. The company has a fifty day simple moving average of $907.82 and a 200 day simple moving average of $856.80. The firm has a market cap of $101.53 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.22 and a beta of 0.42. McKesson has a twelve month low of $637.00 and a twelve month high of $999.00.

McKesson (NYSE:MCK) last released its quarterly earnings results on Wednesday, February 4th. The company reported $9.34 earnings per share for the quarter, beating analysts’ consensus estimates of $9.19 by $0.15. The business had revenue of $106.16 billion during the quarter, compared to analyst estimates of $105.98 billion. McKesson had a net margin of 1.09% and a negative return on equity of 338.97%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $8.03 EPS. McKesson has set its FY 2026 guidance at 38.800-39.200 EPS. On average, analysts forecast 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.