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

McKesson Corporation (NYSE:MCK) announced 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) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 1st.

McKesson has raised its dividend by an average of 0.1%per year 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. 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 hours on Wednesday, hitting $828.94. The stock had a trading volume of 1,117,918 shares, compared to its average volume of 754,688. The company has a 50 day simple moving average of $910.28 and a two-hundred day simple moving average of $856.99. The firm has a market capitalization of $101.54 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.24 and a beta of 0.42. McKesson has a one year low of $637.00 and a one year 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, topping the consensus estimate of $9.19 by $0.15. McKesson had a net margin of 1.09% and a negative return on equity of 338.97%. The firm had revenue of $106.16 billion for the quarter, compared to analysts’ expectations of $105.98 billion. During the same quarter in the prior year, the firm posted $8.03 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. McKesson has set its FY 2026 guidance at 38.800-39.200 EPS. Equities research analysts anticipate that McKesson will post 39.02 earnings per share for the current year.

Insider Transactions at McKesson

In other news, Director Maria Martinez sold 349 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $939.87, for a total transaction of $328,014.63. Following the transaction, the director directly owned 301 shares in the company, valued at approximately $282,900.87. This represents a 53.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Leann B. Smith sold 190 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $945.00, for a total value of $179,550.00. Following the transaction, the executive vice president directly owned 2,989 shares in the company, valued at approximately $2,824,605. This represents a 5.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,592 shares of company stock worth $3,518,555. 0.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On McKesson

A number of institutional investors have recently made changes to their positions in MCK. J.W. Cole Advisors Inc. grew its holdings in McKesson by 35.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 5,089 shares of the company’s stock worth $3,931,000 after acquiring an additional 1,329 shares during the last quarter. Cullen Investment Group LTD. raised its stake in shares of McKesson by 550.4% during the fourth quarter. Cullen Investment Group LTD. now owns 4,670 shares of the company’s stock valued at $3,811,000 after acquiring an additional 3,952 shares during the last quarter. Private Wealth Partners LLC boosted its holdings in shares of McKesson by 5.6% during the third quarter. Private Wealth Partners LLC now owns 31,841 shares of the company’s stock worth $24,598,000 after purchasing an additional 1,682 shares during the period. AlphaQuest LLC grew its stake in shares of McKesson by 91.2% in the third quarter. AlphaQuest LLC now owns 1,767 shares of the company’s stock worth $1,365,000 after purchasing an additional 843 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in McKesson by 12.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 330,647 shares of the company’s stock valued at $255,438,000 after purchasing an additional 36,451 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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.