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

McKesson Corporation (NYSE:MCK) declared a quarterly dividend on Wednesday, January 28th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.82 per share on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, March 2nd.

McKesson has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 17 consecutive years. McKesson has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect McKesson to earn $36.64 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 9.0%.

McKesson Stock Down 1.0%

Shares of MCK stock traded down $8.00 on Wednesday, reaching $826.18. The company had a trading volume of 429,080 shares, compared to its average volume of 566,784. The stock has a market capitalization of $101.98 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 1.36 and a beta of 0.41. The business’s 50-day moving average is $829.92 and its 200 day moving average is $772.05. McKesson has a one year low of $570.51 and a one year high of $895.58.

McKesson (NYSE:MCK) last released its quarterly earnings data on Wednesday, November 5th. The company reported $9.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.84 by $1.02. McKesson had a net margin of 1.04% and a negative return on equity of 248.14%. The business had revenue of $103.15 billion during the quarter, compared to analysts’ expectations of $103.80 billion. During the same period in the prior year, the company earned $7.07 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts forecast that McKesson will post 32.77 earnings per share 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.