McKesson Corporation (MCK) to Issue Quarterly Dividend of $0.94 on October 1st

McKesson Corporation (NYSE:MCK) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Tuesday, September 1st will be paid a dividend of 0.94 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a 14.6% increase from McKesson’s previous quarterly dividend of $0.82.

McKesson has increased its dividend 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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect McKesson to earn $49.96 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 6.6%.

McKesson Trading Down 1.8%

Shares of McKesson stock opened at $813.95 on Thursday. McKesson has a 12-month low of $637.00 and a 12-month high of $999.00. The firm has a market capitalization of $95.30 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.36 and a beta of 0.31. The firm’s 50 day simple moving average is $776.87 and its two-hundred day simple moving average is $838.43.

McKesson (NYSE:MCK) last announced its quarterly earnings data on Thursday, May 7th. The company reported $11.69 earnings per share for the quarter, beating analysts’ consensus estimates of $11.56 by $0.13. McKesson had a negative return on equity of 345.35% and a net margin of 1.18%.The business had revenue of $96.30 billion for the quarter, compared to analyst estimates of $101.35 billion. During the same period in the prior year, the company earned $10.12 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. McKesson has set its FY 2027 guidance at 43.800-44.600 EPS. On average, sell-side analysts predict that McKesson will post 44.28 EPS for the current fiscal year.

McKesson Company Profile

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.