McKesson Corporation (NYSE:MCK) Shareholders to Collect $0.94 Quarterly Dividend

McKesson Corporation (NYSE:MCK) declared a quarterly dividend on Tuesday, October 20th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.94 per share on Monday, January 4th. This represents a $3.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, December 1st.

McKesson has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 17 consecutive years. McKesson has a payout ratio of 9.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect McKesson to earn $49.99 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 7.5%.

McKesson Stock Performance

Shares of NYSE MCK traded down $15.33 during mid-day trading on Wednesday, reaching $1,014.79. The company had a trading volume of 772,066 shares, compared to its average volume of 928,300. The stock has a market capitalization of $118.31 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 2.01 and a beta of 0.30. McKesson has a twelve month low of $723.68 and a twelve month high of $1,030.27. The stock’s 50 day moving average is $902.90 and its 200-day moving average is $839.47.

McKesson (NYSE:MCK) last released its quarterly earnings data on Wednesday, August 5th. The company reported $9.93 EPS for the quarter, topping analysts’ consensus estimates of $9.56 by $0.37. The firm had revenue of $105.38 billion for the quarter, compared to the consensus estimate of $103.88 billion. McKesson had a negative return on equity of 253.21% and a net margin of 1.12%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.26 earnings per share. McKesson has set its FY 2027 guidance at 44.200-45.000 EPS. On average, sell-side analysts anticipate that McKesson will post 44.71 EPS for the current year.

McKesson Company Profile

McKesson Corporation is a healthcare services and information technology company that distributes pharmaceuticals and medical products to pharmacies, hospitals, health systems, physicians and other healthcare providers. The company also provides technology, data and business solutions designed to support prescription management, pharmacy operations and patient care.

McKesson’s principal activities include pharmaceutical distribution, medical-surgical supply distribution, specialty pharmaceutical services and oncology care support.